Still Significant Interest in Mature Area Exploration Within NCS

There is still significant interest in exploring mature areas within the Norwegian Continental Shelf, says the Norwegian Petroleum Directorate.

Norway’s application deadline for awards in pre-defined areas (APA) 2016 expired on September 6, with the authorities receiving applications from 33 companies.

“It is very positive that so many companies still believe that more oil and gas can be discovered on the most mature parts of the shelf. We have received many exciting applications,” said Sissel Eriksen, exploration director in the Norwegian Petroleum Directorate.

“The APA scheme is important for maintaining the activity level and realising the values on the shelf. The application volume has remained consistently high in recent years, and this demonstrates that the companies also prioritise exploration in mature areas during times with challenging cost and price regimes,” he added.

Work on the technical evaluation of the applications is currently underway. The Norwegian Petroleum Directorate is also evaluating the applicants’ geological concepts and strategy for exploring the areas on offer.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Production Analyst
Expertise: Accounting|Financial Analyst
Location: Midland, TX
 
Health & Safety Compliance Specialist III
Expertise: Environmental, Safety & Training|HSE Manager / Advisor|Regulatory Compliance
Location: Ignacio, CO
 
Senior Payroll Tax Analyst - Houston
Expertise: Accounting
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours