Aker BP Awarded 23 Licenses in APA 2017

Source: www.gulfoilandgas.com 1/16/2018, Location: Europe

Aker BP has been offered interests in 23 new production licenses in Norway, of which 14 as operator, through the Awards in pre-defined areas (APA 2017) licensing round.

We are very pleased with these awards, which support Aker BPs growth strategy by giving access to attractive exploration opportunities both around existing production hubs as well as in new prospective areas, says SVP Exploration, Gro G. Haatvedt.

We would also like to emphasize that access to new exploration acreage is vital in order to maximize the long-term value creation from the petroleum activity on the Norwegian Continental Shelf, says Haatvedt.

Of the 23 production licenses awarded to Aker BP, 15 are located in the North Sea (11 as operator), 3 in the Norwegian Sea (2 as operator) and 5 in the Barents Sea (1 as operator).

The APA 2017 awards were announced by the Ministry of Petroleum and Energy on Tuesday 16 January 2018. In total, 75 licenses were offered to a total of 34 companies.


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