Another Gas Find By Statoil in Aasta Hanstee
(PDO) was approved by the Norwegian Ministry of Petroleum and Energy in 2013. Production start-up is expected in 2017. Exploration well 6706/12-3 is situated in PL602 in the Norwegian Sea. Earlier this year, Statoil increased its equity share in PL602 through transactions with Rocksource ASA and Atlantic Petroleum Norge AS. Subject to government approval, the PL602 partnership will consist of Statoil Petroleum AS (operator, 42.5%), Petoro AS (20%), Centrica Resources (Norge) AS (20%), Wintershall Norge AS (10%) and Atlantic Petroleum Norge AS (7.5%).  
Offshore Norway Exploration Plan Gets Funding
Atlantic Petroleum Norge AS has entered into a NOK 300-million bank credit facility with DnB to finance its growth plans in Norway. The 3 year facility is put in place to finance Atlantic Petroleum’s planned Norwegian exploration and appraisal programme on the offshore Norwegian Continental Shelf Under the terms of the credit facility, approx. 74% of all the Company’s exploration, appraisal and supporting expenditure in Norway will be met by DnB, thereby substantially increasing the Company's capital available for investment in Norway activity. The facility will be fully repaid by