LogIn LogOut

Norway to Offer More Arctic Exploration Blocks

March 14, 2019

© AValeri Belov / Adobe Stock
© AValeri Belov / Adobe Stock

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)



Current News

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Recruitment Firms Fircroft, NES Global Talent Set to Merge

DOF Subsea Nets Two APAC Gigs

DOF Subsea Nets Two APAC Gigs

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Keppel Offshore & Marine Clinches $146,5M in New Orders

Keppel Offshore & Marine Clinches $146,5M in New Orders

Seafox Pushes to Oust GMS Directors

Seafox Pushes to Oust GMS Directors

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

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