Gulf Oil and Gas accountACCOUNT

Great Interest in the 21st Licensing Round

Source: 11/4/2010, Location: Europe

When the application deadline for the 21st licensing round on the Norwegian shelf expired on 3 November, 37 companies had submitted applications.

Director of Exploration Sissel Eriksen in the Norwegian Petroleum Directorate is very pleased that companies still consider the Norwegian Sea and the Barents Sea to be interesting exploration areas.

“The interest shown by the companies illustrates that new exploration acreage on the Norwegian shelf is still competitive, also in an international perspective,” says Eriksen.

The announced area is somewhat larger than in the 20th licensing round.

These 37 companies have applied for production licences, individually or in groups:

* A/S Norske Shell

* Bayerngas Norge AS

* BG Norge AS

* Bridge Energy Norge AS

* Centrica Resources (Norge) AS

* Chevron Norge AS

* Concedo ASA

* ConocoPhillips Scandinavia AS

* Dana Petroleum Norway AS

* Det norske oljeselskap ASA

* DONG E&P Norge AS

* E.ON Ruhrgas Norge AS

* Edison International Spa

* Eni Norge AS

* ExxonMobil Exploration & Production Norway AS

* Faroe Petroleum Norge AS

* Front Exploration AS


* Idemitsu Petroleum Norge AS

* Lotos Exploration and Production Norge AS

* Lundin Norway AS

* Maersk Oil Norway AS

* Marathon Petroleum Norge AS

* Nexen Exploration Norge AS

* Norwegian Energy Company AS

* North Energy ASA

* OMV (Norge) AS

* Petro-Canada Norge AS

* PGNiG Norway AS

* Repsol Exploration Norge AS

* Rocksource ASA

* RWE Dea Norge AS

* Sagex Petroleum Norge AS

* Spring Energy Norway AS

* Statoil Petroleum AS

* VNG Norge AS

* Wintershall Norge ASA

“The work of evaluating the applications starts now. The NPD strives to find the best strategy for exploring areas, and therefore looks for companies with the best knowledge and the best applications,” says Eriksen.

Companies that are awarded production licences must have technical expertise and a sound understanding of geology. Emphasis is also placed on financial strength and experience.

“In the case of group applications, we look at the composition of the group, the recommended operator and joint expertise,” Eriksen says.

Companies could apply for production licences in a total of 94 blocks or parts of blocks. Fishery and environmental conditions are linked to the various blocks. The NPD itself has mapped all of the announced blocks.

The Ministry of Petroleum and Energy plans to award new production licences in the 21st licensing round in the spring of 2011.

Acquisitions and Divestitures News in Norway >>

United Kingdom >>  8/22/2019 - Reabold Resources is pleased to announce that it has increased its investment in Rathlin Energy (UK) Limited (Rathlin), the operator of the West Newto...
United States >>  8/22/2019 - 88 Energy Limited (88 Energy) provides the following update related to the farmout process for its conventional prospect portfolio at Project Icewine,...

Brazil >>  8/18/2019 - BW Offshore (BWO) has announced that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as oper...
Morocco >>  8/18/2019 - Announcing its unaudited results for the six months ended 30 June 2019, Genel Energy said that, on the Sidi Moussa block offshore Morocco (Genel 75% w...

Brazil >>  8/8/2019 - Petrobras has started the teaser for the sale of all its stakes in 11 shallow water production fields in the Campos Basin, jointly known as Polo Garou...
Kuwait >>  8/7/2019 - Kuwait's Petrochemical Industries Company (PIC) has acquired 49 percent of operations of South Korean SKC, and the two firms agreed to establish a joi...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.