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 33 Offshore Rigs
 - Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
 - Owners of Louisiana-Illinois Pipeline Eye Reversal Next Steps (Dec 21)
 - Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
Company: Shell more info
Operates 30 Offshore Rigs
 - UK Firm Intertek Says Employee Involved in Shell Oil Theft Case (Jan 17)
 - Shell Looks Beyond Road Fuels to Secure Future of Refining (Nov 06)
 - API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
Company: Statoil more info
Operates 1 Offshore Rigs
 - Statoil May Build Onshore Terminal for Castberg Oil -Minister (Jan 16)
 - Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
 - Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
Company: Total S.A. more info
 - Total Starts Up Antwerp Refinery And Petrochem Complex After Upgrade (Nov 30)
 - Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
 - France's Total Buys Engie's LNG Business For $1.5B (Nov 08)
Company: ConocoPhillips more info
Operates 12 Offshore Rigs
 - Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
 - ConocoPhillips Vows Financial Discipline As Aims To Boost Output (Nov 08)
 - ConocoPhillips' Profit Beats Estimates, But Budget Cut 10% (Oct 26)
Company: Chevron Corporation more info
 - CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV (Jan 18)
 - Oil Producers Want New Hearing on Impact of Magellan Proposal (Jan 17)
 - Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory (Jan 10)
Company: ENI more info
Operates 11 Offshore Rigs
 - BSEE: Italy's Eni Begins Drilling Oil Well In Alaska's Beaufort Sea (Dec 27)
 - Eni 'Mission Impossible' Points to Seismic Shift for Big Oil (Dec 22)
 - Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia (Dec 19)
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)