The Norwegian Ministry of Vitality has obtained functions from 21 firms in reference to the Awards in Predefined Areas (APA) 2024 licensing spherical on the Norwegian continental shelf.
APA is an annual licensing spherical that covers mature areas on the Norwegian continental shelf. After greater than 50 years of exploration exercise, the APA rounds presently cowl many of the space that has been opened and is out there on the Norwegian continental shelf.
In a press release, the regulator revealed the checklist of firms making use of for licenses: A/S Norske Shell, Aker BP ASA, Concedo AS, ConocoPhillips Skandinavia AS, DNO Norge AS, Equinor Vitality AS, INPEX Idemitsu Norge AS, Lime Petroleum AS, M Vest Vitality AS, OKEA ASA, OMV (Norge) AS, Pandion Vitality AS, Petrolia NOCO AS, PGNiG Upstream Norway AS, Repsol Norge AS, Supply Vitality AS, Sval Energi AS, TotalEnergies EP Norge AS, Vår Energi ASA, Wellesley Petroleum AS, and Wintershall Dea Norge AS.
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“It is vitally gratifying that the businesses nonetheless have nice religion within the alternatives that lie in additional exploration on the Norwegian continental shelf,” Minister of Vitality Terje Aasland mentioned in a latest assertion. “Exploration and new discoveries are essential to slowing the anticipated fall in manufacturing within the 2030s. That we achieve figuring out and creating new fields shouldn’t be solely essential for employment, worth creation and authorities revenue right here at residence. It is usually essential for power safety in Europe”.
APA 2024, which was introduced on Might 8, had an software deadline of September 3. The ministry mentioned it doesn’t publish the full variety of functions due to “aggressive issues”.
In Might, the ministry introduced the growth of acreage of accessible oil and fuel manufacturing licenses with 37 blocks or components of blocks. Three of the extra blocks are within the northwest of the Norwegian Sea and 34 blocks are within the east of the Barents Sea, the ministry mentioned in an earlier information launch.
The world that’s newly included was opened earlier than 1994. “The world incorporates acreage with identified performs and exploration historical past, together with earlier exploration wells, relinquished acreage and acreage geographically positioned between awarded and relinquished acreage,” the ministry famous.
Additional, acreage bordering on current predefined acreage is included within the newest spherical. Some components of the brand new areas are included “so as to have the ability to show time-critical sources that may be linked to current and deliberate infrastructure,” the ministry added.
The annual APA licensing rounds had been launched in 2003, occurring yearly and inside a predefined space. Over time, the APA space is expanded, based mostly on skilled assessments of the areas’ maturity, in addition to the necessity for gradual exploration and utilization of time-critical sources. Presently, the APA space covers many of the accessible exploration areas on the Norwegian Continental Shelf.
A manufacturing license offers the unique proper to exploration, drilling, and extraction of petroleum inside the geographical space of the license. On the idea of the functions obtained, a manufacturing license is awarded to a gaggle of firms on the idea of goal, non-discriminatory, and pre-announced standards. The Ministry of Vitality designates one operator for every manufacturing license.
To contact the writer, electronic mail rocky.teodoro@rigzone.com
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