Texas deal for Norwegian Petroleum Group ASA

Norwegian Petroleum Group (NPG) have not given up on the dream to discover oil on Hopen at Svalbard.

Norwegian Petroleum Group (NPG) have not given up on the dream to discover oil on Hopen at Svalbard.

The company now har entered into an agreement with the american company Plexus Inc. The americans will shortly present plans for test drilling.

In september of last year a subisdiary og NPG, Northlight Oil AS, was granted three areas of land at Hopen in Svalbard, which later were expanded somewhat. The grants have been notarized and are also part of an environmentally protected area of Svalbard.