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

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Petronas Awards Estuary Cluster PSC to Harvester Energy

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Oil Surges 3% on Renewed US-Iran Strikes

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

Floating Nuclear: A New Offshore Energy Frontier

Current News

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Greater Sunrise Gas Production Pushed Back to 2034

SED Energy Holdings and Ventura Offshore Set to Combine Ops

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