Norway: 20 Firms Place Bids in Latest Oil and Gas Exploration Round

Published

© Lukasz Z / Adobe Stock
© Lukasz Z / Adobe Stock

Norway's energy ministry said on Thursday it has received applications from 20 oil and gas companies seeking exploration acreage in the government's annual mature-areas (APA) licensing round.

This year's round will contain more acreage in the Arctic Barents Sea, part of Norway's strategy to extend the life of its oil industry, the government has said.

The number of applicants was in line with last year's APA round, when acreage was awarded to 20 companies.

Equinor, Aker BP, ConocoPhillips and TotalEnergies were among the companies applying.

"It is gratifying to see that there is still great interest and that companies have faith in the opportunities that lie in further exploration," Energy Minister Terje Aasland said in a statement.

"This will enable Norway to continue to be a stable and predictable supplier of oil and gas to Europe," he added.


(Reuters - Reporting by Terje Solsvik; editing by Nora Buli)

Current News

OMV Petrom Signs Gas Contracts as Neptun Deep Nears 2027 Start

OMV Petrom Signs Gas Contracts

Equinor Trims Renewables Spend After Profit Drop

Equinor Trims Renewables Spend

Chevron Backs Yoyo-Yolanda Gas Development in Africa

Chevron Backs Yoyo-Yolanda Gas

Shell Sells 20% Stake in Offshore Orca Project to Kuwaiti Oil Firm

Shell Sells 20% Stake in Offsh

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine