Looking for a specific product?

Make a search for products & suppliers, articles & news.

Oil&Gas: 60 new production licences offered

The Norwegian Petroleum Directorate has sent offers to 42 companies for 60 new production licences on the Norwegian continental shelf.

The offers were submitted after the authorities had evaluated applications from 43 companies for the Awards in Pre-defined Areas (APA) 2011.

Of the 60 production licences, 34 are located in the North Sea, 22 in the Norwegian Sea and 4 in the Barents Sea. 15 of the production licences are additional acreage for existing production licences. Two of the new licences are divided stratigraphically and only apply to levels below/above a defined stratigraphic boundary.

Of the companies that applied, 42 will be offered interests in at least one production licence. 27 of the companies will be offered operatorships. One of these, Valiant, has not previously been operator on the Norwegian shelf.

“The companies show great interest in the acreage made available in the APA. There was considerable competition in some of the areas in this year’s round. The overall level of the applications is quite good, and almost everyone will be awarded acreage, says Sissel Eriksen, director of exploration for the Norwegian Petroleum Diretorate,” says Sissel Eriksen, exploration director in the NPD.

The offers are subject to obligations stipulated by the authorities. There is a requirement for acquisition of new seismic data in eleven areas and seven fixed wells are to be drilled: 5 in the North Sea (by GDF Suez, Lundin, Statoil, Total), 1 in the Norwegian Sea (by Faroe) and 1 in the Barents Sea (by Det norske). For the other production licences there are ”drill or drop” conditions. This means that the licensees have from one to three years in which to make a decision to drill a well. If they do not wish to do so, the production licence lapses.

APA 2011 was announced on March 11th 2011. Up until the deadline of September 14th 2011, the area available for applications consisted of 108,433 square kilometers out of this total. This was an increase of 23,500 square kilometres from the previous year. The increase is due both to areas relinquished during the course of the year and an expansion of the area covered by the APA scheme.

Related news

Latest news

SAR Celebrates 2nd anniversary in Kuwait

SAR Celebrates 2nd anniversary of operation in Kuwait.

SAR AS Celebrates 30 years of operation!

The history of SAR goes 50 years back to the late 1960s with the company Septik Tank Co. 

Ready to conquer the world with Hansen Protection Helicopter pilot suits

In 2017, for the first time in the history of helicopter sport, the World Cup in Helicopter Races is going to be held. It is going to take place in 7 countries, and starts on Friday April 7th in Konakovo, Russia.

SeaBass Fisherman's Work / Flotation Suit

SeaBass is a waterproof, buoyant work suit for anyone working on or around water.

Improved Surface Rescue Preparedness can Save Lives

A significant part of the Norwegian fire and rescue services lack good apparel for use in surface rescue operations. This can mean the loss of valuable time in rescue operations in water, and experts now call for a change ...

Historical contract for Norwater AS!

The excitement was at its height at Norwater AS in Høylandsbygd on Wednesday last week. The company signed its biggest contract in history, in strong competition with both Norwegian and foreign competitors. The order book ...

Export Credit Norway Finances Production of Ready-to-use Therapeutic Foods in South Africa

Since being founded in 1948, the Norwegian company GC Rieber Compact has developed into a leading supplier of ready-to-use therapeutic foods to customers such as Doctors Without Borders, the Red Cross, the World Food Progr...

Peru Corporate Day

On 26th September, Oslo Chamber of Commerce will for the first time receive a technological business delegation from Peru to Norway, led by PROMPERÚ.

New contract for delivery of Servogear CPP

The Servogear installation includes CPP propellers,