Norway Licensing Round Sees Greatest Interest in Barents Sea

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.

 

 

WHAT DO YOU THINK?

Click on the button below to add a comment.
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


 - BP's Thunder Horse Platform Shut Temporarily On Power Issue (Sep 19)
 - Big Oil Becomes Greener With Progress in Cutting Pollution (Sep 18)
 - BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets (Sep 11)
 Company: Statoilmore info


 - Statoil Sees Eagle Ford Operations Back At Normal This Weekend (Sep 7)
 - Poland's PGNiG To Receive LNG Spot Delivery From Statoil In September (Sep 5)
 - Harvey's Wake Tempers Bullish Outlook for US Oil Output Growth (Sep 1)
 Company: Total S.A.more info
 - Total Steps Up Renewables Drive With EREN, GreenFlex Deals (Sep 19)
 - Far From the Texas Coast, Hurricane Harvey Hits Oil Refiners (Sep 19)
 - Big Oil Becomes Greener With Progress in Cutting Pollution (Sep 18)
 Company: ConocoPhillipsmore info


 - For ConocoPhillips, Harvey A Test Of Remote Operations (Sep 7)
 - ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels (Sep 5)
 - US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes (Sep 1)
 Company: ENImore info


 - Eni Inks Cooperation Deal With China's CNPC (Sep 13)
 - Italy's Eni Confident Of Dividend Even With Lower Oil Prices (Jul 28)
 - Mexico Delays Next Oil Auction to Let Huge New Find Sink In (Jul 17)
 Company: OMVmore info
 - Austria's OMV Moves Workers In Tunisia Over Gas Field Protests (May 4)
 - OMV Acquires Yuzhno Russkoye Interest for $1.85B (Mar 6)
 - OMV, Dana Energy Sign Iranian Oil, Gas MoU (Jan 25)
 Company: Repsol more info
 - Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China (Aug 2)
 - China Urges Halt To Oil Drilling In Disputed South China Sea (Jul 25)
 - SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement (Jul 17)
 Company: Lundin Petroleum ABmore info


 - Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off (Feb 13)
 - Swedish Oil Firm Lundin Sees Output More Than Doubling Next Decade (Feb 1)
 - Lundin's Development Expenditure to Top $1B in 2017 (Jan 19)
 Company: Centrica PLCmore info
 - Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica (Sep 1)
 - Centrica Merges Oil Business with Bayerngas to Tap Younger Fields (Jul 17)
 - Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts (Jun 23)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Account Manager
Expertise: Business Development|Sales
Location: Houston, TX
 
Cook
Expertise: Camp Boss|Galleyhand|Ships Deckhand / Deck Crew
Location: Port Fourchon, LA
 
Account Manager
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours