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

EU Commission still has no roadmap for price ceiling

Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.

Further reading

Related articles

Latest News

See all jobs