Four exploration licences awarded to GDF SUEZ in Norway

January 16, 2013

The Norwegian Ministry of Petroleum and Energy awarded shares in four exploration licences to GDF SUEZ, within the « Awards in Predefined Areas (APA) round » 2012. In total, 40 companies were awarded 51 new licences.

Within the four licences attributed to GDF SUEZ, two are located in the North Sea and two in the Norwegian Sea.

This success demonstrates the long–term commitment of GDF SUEZ in the Norwegian upstream sector, where the Group is present since 2001. GDF SUEZ E&P Norge is the operator of the Gjøa oil and gas field since January 2011 and is a partner in producing Fram, Njord, Snøhvit, Vega South fields as well as the Gudrun and Hyme fields, currently under development.

Norway represented 39% of production and 42% of proven and probable reserves of GDF SUEZ at the end of 2011.
In addition to the producing fields, GDF SUEZ has a substantial exploration portfolio on the Norwegian continental shelf. The new licences are:

North Sea:

686 – block 36/4
GDF SUEZ 20%

687 – block 35/3, 36/1
GDF SUEZ 20%

 

Norwegian Sea:
700 – block 6406/11, 6406/12
GDF SUEZ 20%

701 – block 6406/9, 6406/11, 6406/12
GDF SUEZ 30%

GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of €90.7 billion in 2011. The Group is listed on the Brussels and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

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