The Norwegian Ministry of Petroleum and Energy has issued ten new production licences in the Barents Sea as part of Norway’s 23rd licencing round, following applications made by 26 companies in January. This is the first time since 1994 that new exploration acreage has been made available to the industry in the southeastern Barents Sea.
From the International E&P names:
- Lundin has been awarded interests in five licences (three as operator)
- Det Norske has been awarded interests in three licences (one as operator)
- Tullow has been awarded an interest in one licence (non-operated)
- Cairn (through its Capricorn Norge subsidiary) has been awarded three licences (one as operator)
The companies have committed to binding work programmes that primarily include a drill or drop decision to be made within two years.
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| Barents Sea licence areas Source: NPD |
