Equinor awarded 29 new licences on the Norwegian Continental Shelf
Published by Aimee Knight,
Editorial Assistant
Oilfield Technology,
“The APA rounds are important for Equinor to maintain exploration activity and replenish our portfolio on the Norwegian Continental Shelf (NCS). We are pleased with this significant addition of opportunities to our exploration portfolio,” says Nick Ashton, senior vice president for exploration in Norway and the UK.
In the APA 2018 awards, announced by the Ministry of Petroleum and Energy today, Equinor is awarded 7 licences in the North Sea, 16 in the Norwegian Sea and 6 in the Barents Sea.
“Equinor is committed to a high exploration activity on all parts of the NCS. These awards fit with our strategy to maximise value creation through existing infrastructure and test new ideas that could create growth options. In line with our NCS roadmap, we have an increased focus on gas opportunities and that has also been reflected in our application and today’s awards,” says Nick Ashton.
The high number of new licences is on level with the last years’ APA awards for Equinor.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16012019/equinor-awarded-29-new-licences-on-the-norwegian-continental-shelf/
You might also like
Syrian oil and gas production set to recover in 2026 as government regains control of key assets, says Wood Mackenzie
Recent actions by the Syrian government could pave the way for increased oil and gas production this year and beyond, according to a recent insight from Wood Mackenzie.