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


Norway Licensing Round Sees Greatest Interest in Barents Sea

change text size

The Norwegian Petroleum Directorate says it has received applications from a total of 36 companies in the country's 22nd licensing round, with the greatest interest being shown in the Barents Sea.

The NPD announced late on Wednesday that by the time the application deadline for the 22nd licensing round expired on Tuesday it had received applications from 36 companies for 86 blocks and parts of blocks, of which 14 were in the Norwegian Sea and 72 in the Barents Sea.

"It is no great surprise that several companies [have applied] for production licences in the Barents Sea," NPD Exploration Director Sissel Eriksen commented in a statement from the organization.

"After Statoil found oil and gas on 'Skrugard' (7220/8-1) last year, the interest in exploring the Barents Sea has risen sharply. The confidence in new opportunities and discovery expectations has increased. Several exploration wells are already planned in the Barents Sea. This round will help maintain the level of activity in the southern part of the Barents Sea, as well as clarify the resource potential."

Majors who applied for production licenses include: BP, Centrica, ConocoPhillips, ENI, OMV, Repsol, Statoil and Total.

In October, Eni Norge and its partner Lundin (which has also applied for license blocks in the latest round) made a gas condensate discovery of up to 41 million barrels of oil equivalent at the Salina prospect in the Barents Sea.



A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: BP plcmore info

 - Rosneft Expansion Thwarted by U.S. Veto on Morgan Stanley Deal (Dec 22)
 - Wood Group Order Book to Provide Resilience in 2015 (Dec 11)
 - BP Still Expects Growth Despite Challenging Environment (Dec 10)
 Company: Statoilmore info

 - Statoil Makes Small Oil Discovery near Oseberg South (Dec 22)
 - Schlumberger Awarded Contract for Mariner Field (Dec 19)
 - Norway's Statoil Approves $610M North Sea Development (Dec 16)
 Company: Total S.A.more info
 - Total Delays Bulgaria Exploration Citing Oil Price Tumble (Dec 16)
 - Executive Says: Permit Delays Slow Total's Brazil Drilling Plans (Dec 15)
 - Total Restructures Exploration and Production Business (Dec 10)
 Company: ConocoPhillipsmore info

 - Oil Companies Seen Cutting Spending 25 Percent in 2015 Due to Falling Crude (Dec 22)
 - ConocoPhillips Plans To Spend Less In 2015 As Crude Slides (Dec 8)
 - Exxon Mobil in Final Talks with Ivory Coast Over Two Oil Blocks (Nov 21)
 Company: ENImore info

 - Libya Fighting Spreads to Third Oil Port, 11 Killed in Benghazi (Dec 22)
 - Eni Starts Up Production at West Hub Development Offshore Angola (Dec 8)
 - Ghana Gives Eni Green Light For $6B Offshore Gas Project (Nov 24)
 Company: OMVmore info
 - Central European Oil Firms See 3Q Profit Boost (Nov 6)
 - OMV Posts Higher 3Q Output Helped by Libya, Norway (Oct 20)
 - OMV CEO Roiss To Go In Mid-2015 In Management Revamp (Oct 14)
 Company: Repsol more info
 - Repsol Agrees an $8.3B Takeover Offer for Talisman (Dec 16)
 - Repsol To Discuss Bid For 100% Of Talisman (Dec 15)
 - Gas Discovery at Ivory Well Inconclusive (Dec 2)
 Company: Lundin Petroleum ABmore info

 - Premier Completes North Sea Asset Sales (Dec 22)
 - Lundin Appoints New MD for Norwegian Operation (Dec 5)
 - Statoil Picked to Operate Johan Sverdrup Field (Nov 28)
 Company: Centrica PLCmore info
 - Centrica Makes Minor Gas Discovery near Aasta Hansteen (Dec 8)
 - Gas Discovery at Ivory Well Inconclusive (Dec 2)
 - Centrica Continues Boardroom Reshuffle with New British Gas Head (Oct 31)

More from this Author
Jon Mainwaring
European Editor |
 -  Repsol Agrees $8.3B Takeover Offer for... (Dec 16)
 -  SBM to Shed 1,200 Positions in Restruc... (Dec 11)
 -  Wood Group Order Book to Provide Resil... (Dec 11)
 -  BP Still Expects Growth Despite Challe... (Dec 10)
 -  BP to Cut Management Jobs as it Change... (Dec 8)
Most Popular Articles
From the Career Center
Jobs that may interest you
Organizational Change Mangement
Expertise: Operations Management, Process Management
Location: Houston, TX
Operations Supervisor
Expertise: Business Development, Operations Management
Location: Dickinson, ND, ND
VP of Drilling and Completions
Expertise: Drilling Engineering, Operations Management, Project Management
Location: Houston, TX
search for more jobs