Norway to Offer More Arctic Exploration Blocks

Thursday, March 14, 2019

Norway plans to expand the offshore oil and gas acreage offered to companies under its annual licensing round in so-called predefined areas (APA), oil minister Kjell-Boerge Freiberg said on Thursday.

The 2019 APA round will offer 90 new blocks, of which 48 are in the Arctic Barents Sea, 37 are in the Norwegian Sea and 5 in the North Sea, he said.

"It's important to maintain the positive development in exploration activity in the Barents Sea. I hope this will lead to robust field development solutions and increased value creation in the north," Freiberg said in a statement.

The annual APA rounds are primarily designed to offer new acreage that is located near existing or planned developments. They differ from Norway's other licensing rounds, which are held more rarely and offer blocks in unexplored, frontier regions.

Environmental groups and some opposition politicians, however, have criticised the government for its policy, arguing the APA rounds are used to expand exploration beyond mature areas of Norway's continental shelf.

Top explorers on the Norwegian continental shelf include Equinor, Aker BP and Lundin Petroleum , among others.


(Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Susan Fenton)

Categories: Energy Geoscience Arctic Europe Government

Related Stories

Woodside Inks Long-Term LNG Supply Deal with China Resources

Argentina YPF to Shed Offshore Exploration Projects

Eco Wave Finds Partner for Wave Energy Project in India

EnQuest to Acquire Harbour Energy's Vietnamese Assets

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Flare Gas Recovery Meets the Future

Subsea Redesign Underway for Floating Offshore Wind

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Current News

Jadestone Submits Field Development Plan for Assets Off Vietnam

Woodside Inks Long-Term LNG Supply Deal with China Resources

CNOOC Starts Production at Two New Oil and Gas Projects

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com