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

China's CNOOC Posts Record First-Half Profit

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

James Fisher, Aquaterra Launch Global Decommissioning Partnership

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

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Current News

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

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