Norway to Offer 9 Companies Production Licenses

In connection with the North Sea Awards 2002, nine companies will receive an offer to participate in new production licenses. The companies will be offered participation in a total of 15 blocks or parts of blocks. In addition to the production licenses offered in the North Sea Awards 2002, Pertra will be offered additional acreage - which they applied for out of round - to their Varg license.

The North Sea Awards 2002 is important for the long-term resource management in mature parts of the Norwegian Continental Shelf. The production licenses offered is a suitable combination of additional acreage to existing production licenses and licenses in areas where the companies want to explore new possibilities. The group of companies, which are offered licenses, is an interesting mix of relatively new participants on the Shelf and well-established companies that have been here for many years. Against this background I am very satisfied with the licenses offered, says the Minister of Petroleum and Energy Einar Steensnaes.

he North Sea Awards 2002 was announced the October 28, 2002, with a deadline for submission of applications on the January 28, 2003. Eleven new production licenses, including the additional acreage to Pertra, will be offered.

The following companies will be offered operatorship (number in parenthesis): Norsk Hydro (2), ExxonMobil (2), Dong (2), Statoil (1), Norsk Agip (1), DNO (1), Pertra (1) and RWE Dea (1).

The following companies will be offered participation (number in parenthesis): Paladin (3), Statoil (3), RWE Dea (1), Norsk Hydro (1), Norsk Agip (1), OER (1), DNO (1) and ExxonMobil (1).

The companies which are offered production licenses in the North Sea Awards 2002, are willing to commit to the North Sea and they will, in a creative way, contribute to further development of this part of the Continental Shelf, says the Minister Steensnaes.

North Sea Awards 2002
Blocks or Parts of Blocks Company Share (%)
35/6 and 35/9 ExxonMobil (Operator) 100
4/1 and 4/2 Dong (Operator)
Paladin
Statoil
40
30
30
3/7 (part) Dong (Operator)
Paladin
70
30
35/7 (part) RWE Dea (Opereator)
Norsk Hydro
55
45
31/4 (part) Norsk Hydro (Operator)
Paladin
ExxonMobil
SDOE
Statoil
Norsk Agip
OE
20
20
16.3434
14.2567
12.7
12.2575
4.4424
6/3 and 15/12 DNO (Operator) 100
35/4 and 35/5 Norsk Hydro (Operator)
RWE Dea
55
45
25/10 (part) Statoil (Operator)
DNO
80
20
25/7 (part) ExxonMobil (Operator) 100
34/12, 35/10 and 35/7 (part) Norsk Agip (Operator)
Statoil
60
40

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