Lotos Exploration & Production Norge AS, the Norwegian subsidiary of Poland’s second largest oil company Grupa Lotos, has received two production licenses in the southern part of the North Sea – on the Norwegian Continental Shelf.
Decisions regarding concrete action of the firm will be announced at the turn of 2014/15, Lotos said in a statement last week.
As stated by Lotos Norge’s CEO Gerhard Bauer, the Norwegian authorities' decisions reflect the firm's ambitions and show that the company is considered a competent operator in the Norwegian oil industry.
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