Norwegian Ministry of Petroleum and Energy awards production licenses

The Norwegian Ministry of Petroleum and Energy (MPE) has awarded new production licenses in the 20th licensing round on the Norwegian shelf.

Offshore staff

STAVANGER -- The Norwegian Ministry of Petroleum and Energy (MPE) has awarded new production licenses in the 20th licensing round on the Norwegian shelf. Thirty-four companies received offers to participate in 21 new production licenses.

The areas furthest to the west and north awarded in the Barents Sea are in exploration provinces that have not previously been explored. The NPD believes that the information obtained from these blocks will be an important factor in further exploration of new areas.

Several of the blocks are in deepwater in the Vøring basin. This round includes blocks further northwest than previously, in an area that has been marked by significant volcanic activity.

The companies received offers to participate in a total of 79 blocks -- 51 in the Norwegian Sea and 28 in the Barents Sea.

Click here for an overview of the awards.

05/01/2009

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