Norwegian authorities have allowed two new players — Norway-based Skagen 44 and U.S. outfit Flying High Norway — to ply the continental shelf for hydrocarbon wealth as licensees.They’re the seventh and eighth to ”pre-qualified” as either stakeholders or offshore operators” this year.
Flying High is a start-up Norwegian company begun in November 2006 but an offshoot of U.S. company Amana Partners Inc. Apart from management credentials approved by the Norwegian Ministry of Oil and Energy, the company boasts “a definite addition with technology that uses the earth’ss electromagnetism as a valueble supplement in the exploration of resources underground”, a government statement said.
Skagen 44 has a core of exploration expertise derived from Future Exploration, formerly a geological and geophysical consultancy.
Pre-qualification ascertains companies’ ability to cope with surprises, mainly financial and environmental, while they manage their stakes in the Norwegian offshore industry.
Via: Scandinavian Oil & Gas
