Norway opens far north blocks

Norway’s Ministry of Petroleum and Energy has unveiled the country’s 21st Licensing Round, all in frontier northern offshore areas.

Offshore staff

OSLO, Norway -- Norway’s Ministry of Petroleum and Energy has unveiled the country’s 21st Licensing Round, all in frontier northern offshore areas.

Fifty-one blocks are on offer in the Barents Sea and 43 in the Norwegian Sea. Applications must be submitted by midday, Nov. 3. Resultant production licenses should be awarded during 2Q 2011.

Terje Riis-Johansen, Minister of Petroleum and Energy, cautioned: “The 21st Licensing round will be concluded in light of what we are now experiencing in the Gulf of Mexico. Before awarding licenses…I will ensure I have deeper knowledge about the accident.”

He added, however, that new petroleum activity was needed in these regions to stimulate jobs and the economy in northern Norway.

06/24/2010

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