Norway Invites Oil Firms to Nominate License Blocks



Norway Invites Oil Firms to Nominate License Blocks

Norwegian Minister of Petroleum and Energy Ola Borten Moe is inviting oil companies to nominate blocks they want included in the country's 23rd licensing round, the Norwegian Petroleum Directorate reported Thursday.

The NPD said that the primary focus area for the licensing round will be the southeastern Barents Sea but it added that the ministry is also accepting nominations in the Norwegian Sea and North Sea.

The organisation said that the companies' nominations will play an important role in the ministry's decisions regarding acreage in the 23rd round, with the nominations in the southeastern Barents Sea taking place in accordance with seismic data acquired by the Norwegian Petroleum Directorate.

However, the NPD also warned that the need for thorough, efficient data acquisition over the area means the schedule for the licensing round may be delayed when compared to the ordinary two-year schedule.

On August 21, the NPD reported that it had sold its seismic data package for the southeastern zone of the Barents Sea, as well as areas off the Jan Mayen volcanic island, to 15 oil companies, which included majors such as Chevron, Shell, Statoil, Total, ConocoPhillips, ENI and BP.

The NPD said that nominations must be received by the Ministry of Petroleum and Energy by midday January 14 2014.



WHAT DO YOU THINK?


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 plc more info
Operates 27 Offshore Rigs
 - BP Chairman Svanberg to Retire; Search Starts for Successor (Oct 19)
 - BP Midstream Partners Seeks To Raise Up To $893MM In IPO (Oct 16)
 - BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017 (Oct 12)
Company: Shell more info
Operates 27 Offshore Rigs
 - API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
 - Shell, Varo End Talks on Germany Refinery Stake Sale (Oct 06)
Company: Statoil more info
Operates 1 Offshore Rigs
 - Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture (Oct 04)
 - Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers (Sep 28)
 - Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field (Sep 26)
Company: Total S.A. more info
 - Total CEO: US Shale Oil Industry To See Wave Of Investment (Oct 18)
 - Total's CEO Says Will Try To Move Ahead With Iran Gas Project (Oct 17)
 - Total Expands Presence in Mexico (Oct 12)
Company: ConocoPhillips more info
Operates 12 Offshore Rigs
 - Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate (Oct 06)
 - U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate (Oct 05)
 - For ConocoPhillips, Harvey A Test Of Remote Operations (Sep 07)
Company: Chevron Corporation more info
 - Chevron Approves New Tech Investment To Raise Output At North Sea Field (Oct 20)
 - Canada's Keyera Signs Pact With Chevron To Transport, Store NGL (Oct 10)
 - Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
Company: ENI more info
Operates 12 Offshore Rigs
 - Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
 - Eni Inks Cooperation Deal With China's CNPC (Sep 13)
Company: Norwegian Petroleum Directorate more info
 - NPD Grants Lundin Permit for Appraisal Well Offshore Norway (Jan 20)
 - Aker BP Makes North Sea Find (Dec 23)
 - Norwegian Production Rises (Dec 21)