Norway's Petroleum Ministry Announces Licensing Round for 2021

Source: www.gulfoilandgas.com 6/9/2021, Location: Europe

The Ministry of Petroleum and Energy today announces this year's licensing round for the geologically best-known parts of the Norwegian continental shelf - APA 2021.

Through the annual licensing round, the oil companies are given the opportunity to gain access to attractive exploration area on the Norwegian shelf. After more than 50 years of exploration activities, the APA scheme covers the majority of opened, accessible area on the Norwegian shelf.

In APA 2021, in accordance with established practice, the predefined area has been expanded by 84 blocks. Four of them are in the North Sea, 10 in the Norwegian Sea and 70 in the Barents Sea. The proposed call has been subject to public consultation.

The companies' application deadline in this licensing round is noon, September 8. After the application process has been completed, the aim is to grant new production licenses in the announced areas at the beginning of 2022.

Announcement and allocation of exploration area is important to maintain the level of activity on the Norwegian shelf. It contributes to good resource management, creates great value for the community and secures jobs across the country. The announcement of this APA round is in line with the government's long-term policy for the petroleum industry. It is also within the framework for the industry, which is agreed upon by a broad majority in the Parliament, says Minister of Petroleum and Energy Tina Bru.

Important round

The Norwegian oil and gas industry is the country's largest and most important industry for value creation, government revenue, exports and investments. In order to maintain activity in the long term, continuity in exploration activity is important. Exploration provides opportunities for new discoveries that can be expanded and help maintain activity and production.

In mature areas, new discoveries are important for achieving good capacity utilization in production and transport facilities. It is also important for good management of time-critical resources.

Full announcement text, updated map of announced blocks, environmental and fisheries conditions, EHS and further information is available on the Norwegian Petroleum Directorate's website.


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