Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Norway Announces 2012 Licensing Round for Mature Zones

change text size

Norway's Ministry of Petroleum and Energy announced late Thursday its 2012 licensing round for mature areas on the Norwegian continental shelf. The aim, said the ministry, is to award new production licenses for the announced areas in early 2013.

"Awards in pre-defined areas (APA) is an important tool in managing the petroleum resources on the Norwegian shelf and they are also a key instrument in our strategy for the mature areas. Small discoveries can be tied in to existing infrastructure and there may also be a potential for independent developments. The result is extended lifetimes for existing infrastructure and production from new discoveries, in other words a win-win situation," said Minister of Petroleum and Energy Ola Borten Moe.
 
APA 2012 has expanded the pre-defined area by a total of 48 blocks or parts of blocks, compared with the area in APA 2011, distributed among two in the North Sea, 13 in the Norwegian Sea and 33 in the Barents Sea. This APA expansion represents a follow-up of the decisions made in the management plans and the expansion is important in order to achieve the goals for further petroleum activities set in the Petroleum White Paper, added the ministry.
 
"Decisions in the management plans have formed the basis for this year's APA expansion and this ensures sound management of important environmental and fishery concerns. The expansion is important for continued good resource utilisation. In the Barents Sea, it provides the opportunity for further exploration around Goliat and Snøhvit, while the expansion in the North Sea provides new, interesting blocks near Gjøa. In the Norwegian Sea, the blocks represent exciting opportunities in a time when new infrastructure is being planned," added Borten Moe.
 
The application deadline has been set at Sept. 6 2012, at 12 noon Norwegian time.
 

Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Project Manager (SURF Installation)
Expertise: Subsea Engineering
Location: Houston, TX
 
Senior Subsea Engineering Lead
Expertise: Subsea Engineering
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering
Location: Lafayette / Oklahoma
 
search for more jobs