Petrolia NOCO seeks to maximise field potential through innovative exploration in mature areas of the Norwegian Continental Shelf (‘NCS’), leveraging on the extensive industry experience of its management team. In July 2020 this resulted in a significant discovery in the Dugong prospect in PL 882. Petrolia SE holds 49.9% of the share capital of Petrolia NOCO and is the main shareholder. The Petrolia NOCO shares are registered with ticker “PNO” on the NOTC (www.notc.no), a market place for unlisted shares.

The company is qualified as an operator on the NCS and has nine NCS Licenses, including one operatorship awarded 2018 APA round. Licenses are located in the Norwegian Sea and Northern North Sea. By combining smart and cost-effective technology with NCS experience and competence, Petrolia NOCO is challenging consensus to open new exploration plays in the unexplored basements of the NCS. 

Petrolia SE stock notice about the Dugong discovery. 

Norwegian Petroleum Directorate press release about the Dugong discovery.