News listings

energy-pedia licensing

Norway flagNorway

Europe / Caspian / CIS >>> Norway

Norway: Equinor awarded 23 new production licences on the Norwegian continental shelf in APA 2019


14 Jan 2020

Photo - see caption

Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner-operated.

'The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf (NCS),' says Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK.

The APA rounds are essential to sustaining activity and form the basis for future revenues from the NCS. The Ministry of Petroleum and Energy today announced that Equinor has been awarded 8 production licences in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.

A unique infrastructure has been built up on the NCS over more than 50 years, providing neighbouring discoveries with a good foundation for profitable, low-carbon development.

'Our infrastructure-led exploration on the NCS has been successful for many years.  This provides a good basis for high profitability and a low carbon footprint. In addition, we are actively pursuing new ideas in selected areas that meet the same criteria. This applies to the North Sea, as well as the Norwegian Sea and the Barents Sea, where we see potentials in the Castberg, Wisting, Goliat and Snøhvit areas. We are pleased with the opportunities that today’s award by the Ministry of Petroleum and Energy provides' says Ashton.

Click here for Ministry of Petroleum and Energy: APA 2019 press release

Original article link

Source: Equinor





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1714
Completed deals: 5308

Company Profiles

Current Company Profiles: 2663

Corporate Activity

Current Corporate Activity articles: 3404

Companies Looking

Current number of articles: 432

Company Sales

Current Company Sales articles:1391

Geostudies

Current Geostudies articles: 685

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
SLR Consulting logo
energy365
Bayphase
Geoespace
Rose & Assocs 149
Union Jack Oil 149
KL Publishing
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com