Norway’s Ministry of Petroleum and Energy has announced this year’s licensing round for mature areas on the Norwegian continental shelf.
The Awards in Predefined Areas (APA) 2017 is the second largest expansion so far, and the largest expansion yet in the Barents Sea.
The Norwegian Minister of Petroleum and Energy, Terje Søviknes of the Progressive Party, said this is imperative for effective resource management.
In the APA 2017 round, the predefined area has been expanded by in total 87 blocks, 34 blocks in the Norwegian Sea and 53 blocks in the Barents Sea. The expansion includes blocks west in the Norwegian Sea and areas around Wisting, Alta and Gohta in the Barents Sea.
The application deadline for companies is 12noon on the September 1, 2017.
The aim is to award new production licenses in the announced areas at the beginning of 2018.
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