The Norwegian Ministry of Petroleum and Energy has announced this year’s licensing round for the APA area – APA 2022.
Through the annual licensing round APA (allocations in predefined areas), the oil companies are given the opportunity to gain access to attractive exploration area on the Norwegian shelf. After more than 50 years of exploration activities, the APA scheme covers most of the open, accessible area on the Norwegian shelf.
“APA 2022 is an important part of our work to develop the petroleum industry. Annual allocation of exploration area is part of the predictable and stable framework conditions we have in Norway. This facilitates profitable investments, employment and future production,” says Minister of Petroleum and Energy, Terje Aasland.
A proposal to announce APA 2022 was sent for public consultation with a deadline of 28 April. In connection with the Revised National Budget 2022 negotiations, an agreement was reached between the Government parties and the Socialist Left Party not to include the three blocks 7426/10, 11 and 12 in the APA 2022. APA 2022 will be expanded with 28 blocks in the Barents Sea.
“The petroleum sector is a highly productive industry that generates large revenues, value creation and employment. Oil and gas from the Norwegian continental shelf can help meet the world’s energy demand. Further exploration is important to ensure that Norway remains a safe and predictable supplier of oil and gas to Europe,” says Aasland.
The companies’ application deadline in this licensing round is set for Monday, 12 September 2022, at 12:00 CET. After the application process has been completed, the aim is to grant new production licenses in the announced areas at the beginning of 2023.