Beta acquisition

31. October 2014

We are pleased to announce that Core Energy has acquired a 20 % working interest in PL375, PL375B and PL375C, including the Beta discovery from Suncor Energy Norge AS (Suncor).

Beta is an oil discovery, operated by Suncor and situated approx. 20 km North West of the Snorre oil field facilities. Suncor is planning to drill an appraisal well with Borgland Dolphin early 2015 in the main segment of the discovery before detailed development planning will be initiated.

“We are excited about the opportunity of becoming a partner to Suncor in the Beta project. We see upside potential in the Beta discovery and a potential subsea development to Snorre, where Core is already a partner, is very much in line with our strategy of capturing the value potential in and around producing oil and gas fields on the Norwegian Continental Shelf”, says Jan Harald Solstad, CEO of Core Energy.

Contact details

Visiting address:
Rosenkrantzgate 16, N-0160

Postal address:
P.O. Box 1489 Vika, N-0116 Oslo

Phone: +47 24 04 54 80

E-mail address: