New oil licenses suggest mild interest in the Barents Sea

The Barents Sea is home to just three out of 56 recently distributed oil licenses in the latest Norwegian licensing round, where Aker BP and/or Statoil are involved in 75 percent of all the tendered fields.

Photo: Statoil/AP Photo/Polfoto

Norway's government is offering stakes to 29 oil companies in 56 new extraction licenses on the Norwegian Shelf. The licensing round was dominated by Statoil and Aker BP, which were offered 16 and 13 operator roles, and either one or both of the two companies are involved in 43 of the licenses. The newly founded exploration company Wellesley takes third place with participation in eight areas, as operator on three.

This is according to a statement from Norway's government.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs