EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Photo: Bo B Randulff - Even Kleppa - Woldcam / Equinor ASA

While the allocation of new oil and gas licenses in the Danish part of the North Sea came to a full halt a little over a year ago, licenses continue to be awarded in the Norwegian part of the sea.

Tuesday, the Norwegian Ministry of Petroleum and Energy announced the allocation of 53 new licenses in the latest licensing round through the Awards in Predefined Areas program.

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