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Equinor Bags 23 Production Licences in Norwegian Continental Shelf

Gasoil News - Published on Mon, 20 Jan 2020

Image Source: Equinor Norway
Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas 2019 – 14 of the licences are Equinor-operated and 9 are partner-operated. Equinor’s senior vice president for exploration in Norway and the UK Mr Nick Ashton said “The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf.”

The APA rounds are essential to sustaining activity and form the basis for future revenues from the NCS. The Ministry of Petroleum and Energy announced that Equinor has been awarded 8 production licences in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.

A unique infrastructure has been built up on the NCS over more than 50 years, providing neighbouring discoveries with a good foundation for profitable, low-carbon development.

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Posted By : Yogender Pancholi on Mon, 20 Jan 2020
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