Norwegian Energy Company, to be renamed BlueNord, has formed a strategic partnership with engineering company Semco Maritime.

Under the alliance, the companies will work together to discover, explore, and look into potential oil and gas business prospects.

BlueNord said the alliance is a significant step in its journey to maximise the value of its current assets over the long term and to assess any new prospects.

Concurrently, BlueNord announced the submission of a license application for acreage including the gas finds Elly-Luke in the Danish portion of the North Sea.

If the company’s application is successful, it plans to conduct an initial technical examination of Elly-Luke.

According to current estimates, the gas discovery site could provide Denmark and Europe with up to five billion cubic metres of natural gas.

BlueNord CEO Euan Shirlaw said: “Together with Semco Maritime’s operational expertise, we have established a structure that enables us to pursue opportunities in Denmark in a way that aligns with our current capabilities. The resources in the Danish North Sea have benefitted the country, both economically and strategically, for more than 50 years and will continue to do so until 2050.

“Our license application to assess the potential for developing the Elly-Luke discovery looks to build upon this with our own expertise to provide the energy that Denmark and Europe needs, for as long as it is needed.”

If the proposal is approved, BlueNord anticipates receiving the license in late 2023 with an initial period of study through 2024.