Oil&Gas: New production licenses awarded
- Today I am offering participation interest in production licenses to 39 companies of which 22 companies are offered operatorship. The companies have shown great interest for APA 2010, which reflects on the number of offered production licenses. The Government extended the APA-area in 2010. I am very pleased to be able to offer new production licenses in these areas, says the Minister of Petroleum and Energy Terje Riis-Johansen. A Ministry press release states that the APA licensing rounds takes place in mature areas of the Norwegian continental shelf. Mature areas are the most explored areas on the shelf and have known geology. The main challenge in mature areas is that the expected sizes of discoveries are declining. Small discoveries can often not justify a stand-alone development, but can be profitable with a tie-in. Hence, it is important to discover and develop resources in these areas before existing infrastructure is shut down. (NRK/Press release)
Wednesday, 19 January 2011 08:50
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The Norwegian Government has decided to offer 50 production licenses in the awards in predefined areas 2010 (APA 2010). The licenses are divided on the North Sea (31), the Norwegian Sea (17) and the Barents Sea (2).
Statoil has announced that it is transferring operatorship of the Vilje field in the North Sea to Marathon Oil Norge.
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