Twenty-six companies have been awarded participating interests in 45 production licenses in APA 2005. "I am satisfied with the interest the petroleum industry now shows for mature parts of the Norwegian shelf. The number of licenses underline that mature parts of the Norwegian shelf are very attractive in an international context," says Mr. Odd Roger Enoksen, Minister of Petroleum and Energy.
The Ministry of Petroleum and Energy Thursday, offered 26 companies 45 production licenses in the North Sea and on the Halten Terrace in the Norwegian Sea in APA 2005. The main emphasis is on the North Sea, where offers in 31 production licenses were given. The companies will receive offers of participating interests in a total of 73 blocks or parts of blocks. In comparison, in the APA 2004 round, 21 companies received offers to participate in 28 production licenses.
"The interest shows that the oil companies share the authorities' view that there still are numerous opportunities in mature parts of the Norwegian continental shelf. Through this year's APA round we lay the basis for higher exploration activity in these areas. This is essential in order to ensure that the resources are exploited in the best possible way," says Minister Enoksen.
Offer to 16 operators: (number of operatorships in parenthesis)
Number of companies to receive license offers:
Today the predefined areas cover acreage in the North Sea, the Norwegian Sea and the Barents Sea.
The APA system ensures that very large areas close to existing and planned infrastructure are available for the industry in the years to come. This will contribute to efficient use of production and transportation installations on the NCS.
The APA system gives new and smaller players on the NCS opportunities to build up their exploration portfolio.
The APA area will be expanded as new areas mature, but the area is not to be reduced.
Most Popular Articles
From the Career Center
Jobs that may interest you