The company owns equity interests in 29 licenses, located offshore Mid-Norway and in the North Sea.
ERN operates 6 licenses. Main ongoing activities in these exploration licenses are drilling preparations, seismic acquisition and interpretation. The geological interpretation will be basis for defining drillable prospects. If the partners in a license do not agree to drill, the individual license will be relinquished.
The company plans to participate in three exploration wells in 2011, two of them will be operated by ERN.
