Norway Licensing Round Sees Greatest Interest in Barents Sea

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page


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

 - Eni Upstream Business Hit by Low Oil Price (Apr 29)
 - BP Starts North Sea Quad 204 Field Upgrade Drilling (Apr 29)
 - European Majors See Mixed 1Q Results from Upstream (Apr 28)
 Company: Statoilmore info

 - Azeri SOCAR Assumes Statoil's Pipeline Project Operating Rights (May 1)
 - Shell, Statoil Delivered 'Solid' Performances in 1Q 2015 (Apr 30)
 - Wintershall Makes Small Oil Find in Norwegian Sea (Apr 28)
 Company: Total S.A.more info
 - Total Sees Deal Targets Still Too Expensive After Crude Crash (Apr 29)
 - Eni Upstream Business Hit by Low Oil Price (Apr 29)
 - InterOil Commences Flow Testing at PNG's Elk-Antelope Gas Field (Apr 28)
 Company: ConocoPhillipsmore info

 - ConocoPhillips Profit Falls Sharply On Oil Price Declines (Apr 30)
 - Low Oil Prices Prompt ConocoPhillips to Review Workforce Needs (Apr 1)
 - Govt: Conoco To Push On With Investment In Indonesia Oil, Gas (Mar 31)
 Company: ENImore info

 - Kongsberg Maritime Lands Yinson Genesis FPSO Contract (Apr 30)
 - Eni Upstream Business Hit by Low Oil Price (Apr 29)
 - IHS CERAWeek: Eni CEO Says Mozambique Gas 'Competitive' Due To Low Costs (Apr 22)
 Company: OMVmore info
 - European Majors Team Up to Explore Arctic (Apr 21)
 - Wintershall's Seele To Head Austria's OMV From July (Mar 27)
 - First Oil Flows from Offshore Maari MR6A Development Well in Taranaki Basin (Mar 24)
 Company: Repsol more info
 - Spain's Repsol Expects to Close Talisman Acquisition on May 8 (Apr 30)
 - GDF Suez Says Natural Gas Discovery Made in Southeast Algeria (Apr 20)
 - Seaway Inks T&I Contract for Venezuela's Offshore Perla Project (Apr 9)
 Company: Lundin Petroleum ABmore info

 - Lundin Says 1Q Profitability Affected by Exploration Costs, FX Losses (Apr 22)
 - European Majors Team Up to Explore Arctic (Apr 21)
 - Lundin Appoints New Operations VP (Apr 20)
 Company: Centrica PLCmore info
 - Total's Skrine East Well Finds Gas Offshore Norway (Apr 10)
 - Centrica: Gas Outage at Britain's Barrow Terminal Resolved (Apr 8)
 - Gas Imports into Britain's North Morecambe Sub-Terminal Shut (Apr 7)

Our Privacy Pledge

More from this Author
Jon Mainwaring
European Editor | Rigzone
 -  North Sea Work: Reasons for Optimism a... (May 5)
 -  Midscale FLNG: the Twin-Hull Concept (May 5)
 -  OTC 2015: The 'Next Evolution' of the ... (May 5)
 -  OTC 2015: Tracerco Collects Tech Award... (May 5)
 -  Entrepose Acquires Oil, Gas Equipment ... (May 4)

Most Popular Articles

From the Career Center
Jobs that may interest you
Process Safety Manager (Houston, TX)
Expertise: Process Management
Location: Houston, TX
Contracts & Procurement Manager
Expertise: Contracts Administration
Location: Houston, TX
Sales Director - Atlantic Region
Expertise: Business Analyst|Business Development|Materials Management |Sales & Marketing
Location: New Jersey, 
search for more jobs

Brent Crude Oil : $67.52/BBL 0.62%
Light Crude Oil : $60.4/BBL 2.49%
Natural Gas : $2.78/MMBtu 1.41%
Updated in last 24 hours