23rd licensing round - announcement

20.01.2015
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 the Norwegian Sea and 54 in the Barents Sea.

When the nomination deadline expired on 14 January 2014, 40 companies had nominated a total of 160 blocks or parts of blocks for the 23rd licensing round. Eighty-six of these were nominated by two or more companies.

“The interest in exploration in the Barents Sea has increased significantly following the exciting discoveries in recent years; 7324/8-1 (Wisting), 7120/1-3 (Gotha) and 7220/11-1 (Alta). It is fifty years since the government announced the first licensing round on the Norwegian continental shelf. With that hindsight the new areas in the southeast Barents Sea are particularly interesting. These are areas which are hitherto unexplored. This could open up a new petroleum province in the Barents Sea. This licensing round helps keep the activity level high, but we must also prioritise step-by-step exploration in the new areas,” says Sissel Eriksen, exploration director in the Norwegian Petroleum Directorate.

The application deadline is 2 December 2015 at 1200 hours. The government aims to award new production licences in the first half of 2016.

 

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