APA 2018 awards – 29 new NCS licences for Equinor

Source: press release, 15 January 2019

The ‘Transocean Leader’ drilling rig in the North Sea
The ‘Transocean Leader’ drilling rig in the North Sea (photo: Equinor/Harald Pettersen)

Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner.

“The APA rounds are important for Equinor to maintain exploration activity and replenish our portfolio on the Norwegian Continental Shelf (NCS). We are pleased with this significant addition of opportunities to our exploration portfolio,” says Nick Ashton, senior vice president for exploration in Norway and the UK.

In the APA 2018 awards, announced by the Ministry of Petroleum and Energy, Equinor has been awarded 7 licences in the North Sea, 16 in the Norwegian Sea and 6 in the Barents Sea.

“Equinor is committed to a high exploration activity on all parts of the NCS. These awards fit with our strategy to maximise value creation through existing infrastructure and test new ideas that could create growth options. In line with our NCS roadmap, we have an increased focus on gas opportunities and that has also been reflected in our application and today’s awards,” says Nick Ashton.

The high number of new licences is on level with the last years’ APA awards for Equinor.