News listings

energy-pedia licensing

Norway flagNorway

Europe / Caspian / CIS >>> Norway

Norway: OKEA awarded five licenses in APA 2019


14 Jan 2020

Photo - see caption

OKEA has been awarded 5 new licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2019, strengthening the company’s position around the important Draugen and Grevling production and development hubs in the Norwegian Sea and North Sea, respectively. 

Two of the awarded areas are new licences where OKEA will be a partner, the three others are areal extensions of existing licences, two of them operated by OKEA. 

Production Licence (PL) 1060 lies northwest of the OKEA-operated Draugen field and includes the Galtvort gas discovery. The work programme includes a firm well on a prospect in the licence which will be operated by Equinor. PL1034 lies south-east of PL973 where there are ongoing exploration activities to support the Grevling development project, operated by OKEA.  

The three licence extensions provide further prospect areas to the Draugen (PL093), Mistral (PL1003) and Grevling exploration (PL973) licences. 

'We are very pleased with these awards which strengthen OKEA’s licence portfolio around our key operated asset Draugen, where we have an ambition to further develop the neighbouring area, as well as extending lifetime of the asset itself’’, comments Andrew McCann, SVP Subsurface in OKEA. ‘’In addition, further exploration opportunities in the Grevling area will strengthen the case to develop an oil production hub there.'

Photo - see caption

Original article link

Source: OKEA





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

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