Norway starts 22nd round bid process

Norway’s Ministry of Petroleum and Energy is taking nominations of blocks for inclusion under the country’s 22nd licensing round.

Offshore staff

OSLO, Norway – Norway’s Ministry of Petroleum and Energy is taking nominations of blocks for inclusion under the country’s 22nd licensing round.

Invitations have been sent to all licensees on the shelf and pre-qualified companies. Numbered Norwegian licensing rounds include mainly frontier areas offshore Norway where the potential for large discoveries is thought to be higher.

”I am confident that the industry still is interested in our frontier areas in the Norwegian Sea and the Barents Sea,” said Ola Borten Moe, minister of Petroleum and Energy. “Through predictable and frequent licensing rounds we arrange for a stabile framework for the petroleum industry.”

The formal announcement of the composition of the 22nd licensing round should take place before next summer, with awards of new production licenses planned for spring 2013. Deadline for submitting nominations is 12:00 noon, Jan. 11, 2012.

The companies’ nominations will be used as a basis for the Ministry’s assessments in connection with announcement of areas in the 22nd licensing round.

The Ministry also requests that nominated blocks are divided into two categories -”interesting” and ”very interesting” – and the total nominated should not exceed 15.

11/03/2011

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