The Norwegian government has received applications for exploration activities on the Norwegian continental shelf from 31 different companies.
Minister of Petroleum and Energy Tina Bru believes that the number of applications shows “continued great interest in the Norwegian continental shelf” in the licensing round for Allocation in predefined areas (APA) in 2021.
Among the 31 applicants, there is a large variety of companies – from large international oil companies to medium-sized companies and smaller exploration companies.
“It is gratifying that the oil companies still see good opportunities on the Norwegian shelf. Exploration is important for maintaining activity and good resource management, and it lays the foundation for value creation and safe jobs throughout the country,” Bru stated in a press release.
Allocation in predefined areas (APA) is the annual licensing round for the best-known exploration areas on the Norwegian shelf. It comprises the majority of the available exploration areas.
The APA area is being expanded as geological knowledge on areas on the Norwegian shelf increases. In connection with this year’s licensing round, the predefined area was expanded in the North Sea, the Norwegian Sea, and the Barents Sea.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews
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