Norway Announces North Sea Awards 2002

The Norwegian Ministry of Petroleum and Energy is inviting interested parties to bid for petroleum production licenses in the North Sea Awards 2002. There is considerable value in small and medium sized fields located in mature parts of the continental shelf. Development of these resources is important in order to achieve the Government's long-term scenario for petroleum production on the Norwegian Continental Shelf. A prerequisite for the realization of these values is efficient exploration in mature areas. The North Sea Awards 2002 is one important step in reaching this goal, says Einar Steensnaes, Minister of Petroleum and Energy.

In the North Sea, exploration activities have been going on for many years. The activity started in 1965 and since then 797 exploration wells have been drilled in the area. The geology, in large parts of the North Sea, is therefore well known and the largest fields have probably already been discovered and put in to production. There is however still a potential to discover new profitable resources in the North Sea.

The acreage announced totals 109 blocks or portions of blocks. Deadline for submission of applications is January 28, 2003. The winners of this licensing round should be announced in either March or April of 2003.

The following blocks or partial blocks will be included:

1/2, 5, 6, 9
2/1, 2, 3, 4, 5, 6, 7, 8, 10, 11
3/1, 2, 3, 4, 5, 6, 7, 8, 9
4/1, 2
6/3
7/2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
8/7, 8, 9, 10, 11, 12
15/2, 3, 5, 6, 8, 11, 12
16/1, 5, 6, 7, 8, 9, 10, 11, 12
25/1, 2, 4, 6, 7, 8, 9, 10, 11, 12
29/3, 6, 9
30/1, 3, 4, 5, 6, 7, 8, 9, 10, 12
31/1, 2, 3, 4, 5, 6, 7, 8, 9
33/5, 6, 9, 12
34/4, 7, 8, 10, 11, 12
35/4, 5, 6, 7, 8, 9, 10, 12

North Sea Awards 2002

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours