Norway is a strategic country for Edison. The group aims to develop Norwegian assets and to consolidate the third active pole of production in the North Sea with the UK, in addition to Italy and Egypt.
Edison Norge AS is controlled by Edison International Spa a subsidiary of Edison SPA which is one of the major Italian energy players and is part of EDF Group. Edison entered the Norwegian Continental Shelf in 2006 and established its Stavanger based office in 2007 through Edison International Norway Branch.
Through primarily organic growth, Edison reached a portfolio of 18 licenses. The exploration activity has been resulting in three discoveries (Dvalin (Zidane) East, West and Nova (formerly known as Skarfjell)) that are now in a development planning phase. On the 1st January 2015 Edison International Norway Branch became Edison Norge AS. www.edison-norge.no
Edison manages 10 licenses distributed in the North Sea, Norwegian Sea and in the Barents Sea. Edison Norge has been awarded 5 new licenses in the APA 2015.
Edison has participated in eight exploration wells resulting in three commercial discoveries; Dvalin (Zidane) East and West, Nova (formerly known as Skarfjell). Edison first operated well in Norway was drilled in PL 616 in the southern North Sea in 2015.
Edison is willing to continue its organic growth participating in future licensing rounds and performing at the same time an optimization of its portfolio through proactive portfolio management. All this will grant a steady exploration activity and maintain a good balance of risks, potential and timing of developments.
Edison has successfully participated in the Nova (formerly known as Skarfjell) discovery (PL 418). The discovery was appraised with two wells in 2013 and is now in a development planning phase with concept select scheduled for end 2015. A plan of development is in progress for the Dvalin (Zidane) discoveries, Dvalin (Zidane) East and West (PL 435) in mid Norway.