The Ministry of Petroleum and Energy has offered 53 new production licenses on the Norwegian continental shelf in the licensing round APA 2021.
“The petroleum industry contributes with large revenues, value creation and jobs across the country. I am therefore happy to offer 53 new production licenses in the predefined areas. Further exploration activity and new discoveries are crucial to develop the Norwegian petroleum industry further,” says Minister of Petroleum and Energy Marte Mjøs Persen.
Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf.
Kalmar Ildstad, Director for licence management at the Norwegian Petroleum Directorate (NPD), adds, “It’s gratifying that the companies continue to have strong convictions that there is more to be discovered in areas with known geology, and in close proximity to existing infrastructure. It’s important to prove these resources so that available capacity on already-established process facilities and pipeline systems can be exploited. This means that even small discoveries can create considerable value.”
The 53 production licenses offered in this year’s round are distributed over the North Sea (28), the Norwegian Sea (20) and the Barents Sea (5). A total of 28 different oil companies, from large international companies to smaller Norwegian exploration companies, are offered shares in one or more of these licenses. 15 companies are offered one or more operatorships.
“Awards of productions licenses is a mainstay in facilitating a stable level of activity on the continental shelf. This award is an important contribution to maintain future exploration activity and to make new, profitable discoveries,” continues Mjøs Persen.