Middle East

Norway offers 28 oil offshore acres


January 18, 2022

Credits: anetlanda / Adob ​​eStock

Norway has provided 28 companies with ownership of a total of 53 offshore oil and gas production licenses on the Norwegian continental shelf at the Predefined Region (APA) 2021 Awards.

The Predefined Region (APA) Award is an annual exploration round in the most mature region of the Norwegian continental shelf.

Authorities assessed applications from a total of 31 companies in the fall of 2021, the Norwegian Petroleum Administration said Tuesday.

Of the 53 production licenses, 28 are in the North Sea, 20 are in the Norwegian Sea, and 5 are in the Barents Sea. According to NPD, 17 production licenses were an additional area to existing production licenses.

Kalmar Ildstad, NPD’s Director of License Management said: “We are pleased that companies continue to have a strong conviction that more discoveries are needed in areas where geology is known and close to existing infrastructure. We are pleased to make these resources available. It’s important to prove. You can take advantage of the capacity of your existing process facilities and pipeline systems, which means that even a small discovery can generate significant value. “

According to the NPD, this year’s award shows a good mix of major international players and SMEs, and there is still a great deal of diversity among the players.

“The oil industry contributes significantly to revenue, value creation and employment across the country. Therefore, we are pleased to be able to offer 53 new production licenses in predefined areas. To further develop the Norwegian oil industry. Further exploration activities and new discoveries are essential. “ Petroleum Energy Minister says Marte Myos Persen.

“The Production License Award is the primary force in promoting a stable level of activity on the continental shelf. This award is an important contribution to sustaining future exploration activities and making new and informative discoveries.” Mjøs Persen says.

Offers are offered to the following companies (stocks / operations):

Aker BP (15/7)

A / S Norske Shell (2/1)

Chrysaor (4/1)

Consed (3/0)

ConocoPhillips (3/3)

DNO (10/3)

Equinor (26/12)

Idemitsu (3/0)

KUFPEC (1/0)

Long boat (1/0)

LOTOS (4/0)

Rundin (10/5)

M best (2/0)

Neptune (2/2)

OKEA (4/3)

OMV (3/1)

ONE-Dyas (3/0)

Pandion (3/0)

Petroleanoko (2/0)

PGNiG (4/3)

Source (2/0)

Spirit (7/2)

Sanko (2/0)

Sval (3/0)

TotalEnergies (1/0)

Vår Energi (10/5)

Wellsley (3/1)

Wintershall Dea (7/4)

https://www.oedigital.com/news/493580-apa-2021-norway-offers-offshore-acreage-to-28-oil-firms Norway offers 28 oil offshore acres

Back to top button