Sval Energi has been awarded seven new exploration licences on the Norwegian Continental Shelf (NCS).
Today, the annual Awards in Predefined Areas (APA) round was announced by the Norwegian Ministry of Energy. Sval was awarded seven new licences, of which two as operator and five as partner.
Jørgen Moe, Vice President for Exploration in Sval, said: 'It is key to get access to new and attractive exploration acreage, particularly in areas where we have ownership interests in existing infrastructure. The APA scheme is important for the exploration activity on the NCS, and I am optimistic about the opportunities in Norway. Annual licence awards are essential for making new discoveries and maximizing value creation.'
Sval Energi’s new licences are:
PL 1260 in the North Sea: Vår Energi (Operator, 45%), Sval Energi (35%) and OKEA (20%)
PL 1267 in the Norwegian Sea: Sval Energi (Operator, 50%), OKEA (30%) and M Vest Energy (20%)
PL 1270 in the Norwegian Sea: Sval Energi (Operator, 50%) and DNO Norge (50%)
PL 001 E in the North Sea*: Aker BP (Operator, 35%), Equinor (50%) and Sval Energi (15%)
PL 242 B in the North Sea*: Aker BP (Operator, 35%), Equinor (50%) and Sval Energi (15%)
PL 636 D in the North Sea*: Vår Energi (Operator, 30%), INPEX Idemitsu (30%), Orlen Upstream Norway (30%) and Sval Energi (10%)
PL 147 B in the North Sea*: DNO Norge (Operator, 50%) and Sval Energi (50%)
*Licence extension
Source: Sval Energy
