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
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.

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