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

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

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