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Oil&Gas: Awards in the 21st licensing round

The Norwegian Government has awarded 24 production licenses in the 21st licensing round. The awards include 12 production licenses in the Norwegian Sea and 12 production licenses in the Barents Sea.

“The 21st licensing round will lay a foundation for further exploration of our least explored areas in the Barents Sea and deep-water areas in the Norwegian Sea.,” says Minister of Petroleum and Energy Ola Borten Moe.

Twenty-nine companies have been awarded a participating interest. Of these, 13 companies have been offered operatorships. Half of the 24 production licenses relate to the Barents Sea.

Of the 13, Norway's Statoil has been offered 8 operatorships, GDF SUEZ E&P Norge AS three, Suncor Energy Norge AS two and Wintershall Norge ASA two.

“There is unprecedented interest in our northernmost seas. The companies have been awarded 12 production licenses for the Barents Sea, making this the licensing round with the most awards relating to the Barents Sea. The present level of activity in the Barents Sea is high and increasing,” says Minister of Petroleum and Energy Ola Borten Moe.

He points to the development of the Goliat-field, an important new discovery in Skrugard/Sverdrup and several wildcat wells planned for 2011 and 2012. In addition, the Norwegian government has decided to initiate an opening process for the eastern part of the southern Barents Sea, and new acreage has been made available for awards through the integrated management plan for the area.

“The 21st licensing round will help to maintain this positive development of the Barents Sea as a petroleum province,” says Borten Moe.

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