OSLO, Norway – The Norwegian Energy Ministry has offered 36 companies interests in 56 new production licenses under Norway’s Awards in Pre-defined Areas (APA) 2015 round.
Five of the new licenses, divided stratigraphically, apply only to levels below/above a defined stratigraphic boundary.
Sissel Eriksen, director of exploration at the Norwegian Petroleum Directorate, said: “We are pleased that the oil companies still see the potential in the Norwegian shelf and are very focused on mature areas.
“There has been considerable interest this year in the Norwegian Sea. The companies’ applications show consistent high quality, and some have submitted very interesting exploration concepts…
“It is an advantage that the geology is relatively familiar, even though surprises cannot be ruled out. Many of these areas have existing fields that are nearing the end of production, with infrastructure that can be exploited. It is therefore important that we explore the surrounding areas so that potential resources are not lost.”
Thirty-seven of the successful applicants will be offered stakes in at least one production license. In 13 of the concessions, Petoro will participate as a licensee, managing the state’s direct financial interest.
All offers remain subject to obligations imposed by the authorities. There is a requirement for new seismic to be acquired in four areas, with two firm wells to be drilled.
APA 2015 offered a total of 220,635 sq km (85,188 sq mi), an increase of 18,403 sq km (7,105 sq mi) from APA 2014.
Among the award winners, Lundin Norway gained two license interests in the central Norwegian North Sea and two in the Norwegian Sea, operating one of the concessions in each region:
The full list of companies offered operatorships is as follows:
Det norske oljeselskap (six)
GdF SUEZ (one)
The list of companies awarded shares in new licenses is as follows:
Core Energy (five)
Det norske oljeselskap (10)
GdF SUEZ (one)
Premier Oil (one)