Oil and gas explorer Bridge Energy announced on Friday the resignation of its Chief Financial Officer.

Eystein Westgaard will remain with the North sea focused company in his current position until April 16th this year and will help with the hand over process.

"The board would like to thank Eystein for his contribution to the business during his tenure and wishes him well for the future," Bridge said in a statement.

The company has started searching for a new financial officer and will prove an update in due course.

The news comes two days after the group was awarded a new licence.

The Norwegian Ministry of Petroleum and Energy confirmed the group won the licence with 40% interest and operatorship in block 6407/4 in the latest round.

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