Seven companies get licenses to search for oil in the Barents Sea and the Norwegian Sea

Tina BruPhoto: Heiko Junge / NTB
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The Norwegian Society for Nature Conservation is furious at the government’s decision to award licenses for oil drilling to seven companies in the 25th licensing round.

On its website, the government stated that the companies had been offered four production licenses, divided into one in the Norwegian Sea and three in the Barents Sea.

The seven companies are Norske Shell, Equinor Energy, Idemitsu Petroleum Norway, Ineos E & P Norway, Lundin Norway, OMV, and Vår Energi.

Minister of Petroleum and Energy Tina Bru (H) says the 25th licensing round and the annual APA rounds facilitate exploration and activity on the Norwegian shelf.

“Important for employment”

“This is important for employment and value creation in the Norwegian oil and gas industry. The allocations are in line with the goals we presented in the White Paper Energy for Work,” Bru said.

The Norwegian Society for Nature Conservation reacted to the fact that the new licenses were issued shortly after the International Energy Agency (IEA) stated that there is no room for new oil and gas fields if the global community wants to limit global warming to 1.5 degrees.

“If warnings from the IEA and climate researchers do not make the government turn around, they will head towards a new economic crisis and another unfulfilled climate goal,” the association’s leader Truls Gulowsen warned.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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