Orkustofnun, Iceland’s National Energy Authority, has granted its third license in the offshore Dreki area. CNOOC Iceland will operate with 60 % interest, in partnership with Eykon Energy (15%) and Petoro Iceland (25%).

Applications for the third licensing round for the Dreki area between Iceland and Norway closed last April.

The other successful consortia were Ithaca Petroleum, Kolvetni and Petoro Iceland; and Faroe Petroleum Norge, Íslenskt kolvetni, and Petoro Iceland.