Looking for a specific product?

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

Record interest in mature areas on the Norwegian Continental Shelf

The Norwegian Ministry of Petroleum and Energy has received applications from 47 companies in connection with the deadline for 2012 Awards in Predefined Areas (APA 2012) on the Norwegian continental shelf.

There has been strong interest in the APA licensing rounds in recent years, with many new production licenses being awarded and several large discoveries being made. This shows that mature areas on the Norwegian continental shelf remain of interest and represent substantial opportunities and value for Norway, the Ministry states in a press release.

The APA awards have given many new companies the opportunity to explore areas that have been available for exploration for several years. Most of the discoveries and opportunities in mature areas are too small to justify independent development. That is why discovering and extracting these resources before existing infrastructure connected to other fields is shut down is both necessary and good resource management.

“The government wants to maintain a stable level of exploration activity while also ensuring continued value creation and securing future state revenue streams from petroleum activities. Exploitation of the mature areas on the continental shelf is very important in this regard, and the APA system is our instrument for achieving this. I am therefore very glad to see that so many companies are showing interest in our mature areas on the Norwegian continental shelf,” continues Borten Moe.

The deadline for applications was 6 September. The Ministry plans to award new production licenses under APA 2012 in January 2013.

Related news

Latest news

Eimskip strengthens its worldwide forwarding services by acquiring the logistics company SHIP-LOG A/S in Denmark

Eimskip has strengthened its position in worldwide logistics services by acquiring 75% of the freight forwarding company SHIP-LOG. 

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway!

For Sale Assets from the former BMV LAKSEVÄG YARD in Bergen, Norway! The entire shipbuilding and fabricating facility is closing and more than 500 lots is on sale.

Servogear CPP for Seasight II - Future of the Fjords

We are proud to announce that Servogear has been chosen for the delivery of Servogear...

TechnipFMC Signs Agreement with Pall to Supply Slurry Oil Filtration Systems for Fluid Catalytic Cracking Units

The associated activities will be managed by TechnipFMC Process Technology’s center in Houston,

10 Million kroner for verification funding

The Norwegian Research Council has granted 10 million...

Hilti acquires Oglaend System Group

Oglaend System’s headquarters will remain in Klepp, 

DOF Subsea AS ("DOF Subsea" or the "Company") today announces its intention to launch an initial public offering (the "IPO") of its ordinary shares and to apply for a listing on Oslo Børs

NOT FOR DISTRIBUTION OR RELEASE,

DOF Subsea North America extends charter for Jones Act Compliant vessel Harvey Deep Sea

The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction,

Untrue rumours about an on-going incident at the Halden Research Reactor in Norway

The Norwegian Radiation Protection Authority has become aware that stories about an ongoing incident involving a “meltdown” at the Norwegian Institute for Energy Technology (IFE) reactor situated in Halden are currently ci...