NPD reviews latest Norwegian license round applications

Offshore staff

OSLO, Norway -- Norway’s Petroleum Ministry has received applications from 33 companies for the country’s awards in pre-defined areas (APA) 2016 licensing round.

Bids came in for acreage across the Norwegian shelf, although the main interest was in the North Sea and the Norwegian Sea.

“The APA scheme is important for maintaining the activity level and realizing the values on the shelf,” said Sissel Eriksen, exploration director at the Norwegian Petroleum Directorate (NPD).

“The application volume has remained consistently high in recent years, and this demonstrates that the companies also prioritize exploration in mature areas during times with challenging cost and price regimes.”

NPD will assess the applicants’ geological concepts and strategy for exploring the areas.

Awards should be issued early next year.

9/22/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...