The Ministry of Petroleum and Energy has announced the 23 rd licensing round today, 20 January 2015. Fifty-seven blocks/parts of blocks are being announced in this round, of which three are in...
Today, 20 January, offers will be issued to 43 companies for 54 new production licences on the Norwegian continental shelf.
Preliminary production figures for December 2014 indicate an average daily production of about 1 916 000 barrels of oil, NGL and condensate.
In the opinion of the Norwegian Petroleum Directorate, high costs and weaker oil prices could drive necessary readjustments that will strengthen the petroleum industry over the long-term.