Norway has offered Shell, Equinor, Idemitsu, Ineos, Lundin, OMV, Petoro and Vår Energi four areas in the 25 th licensing round.
Norway has offered Shell, Equinor, Idemitsu, Ineos, Lundin, OMV, Petoro and Vår Energi four areas in the 25th licensing round. One is located in the Norwegian Sea and three in the Barents Sea.
Ineos (60%) and Shell (40%) have won blocks 6204/2 and 6204/3 in the Norwegian Sea. Var Energi (70%) and OMV (30%) have won blocks 7118/11 and 7118/12 in the Barents Sea. Equinor (50%), Lundin (20%), Petoro (20%) and Idemitsu (10%) have won block 7234/4 in the Barents Sea and will carry out G&G studies as well as a 3D CSEM inversion and modelling study and a 3D seismic survey. Equinor (50%), Lundin (30%) and Petoro (20%) have acquired blocks 7323/2,3; 7324/1; 7423/12; 7242/10,11,12; and 7425/10 in the Barents Sea. They will acquire and reprocess 3D seismic data and perform G&G studies (minimum 600 km2 of TGS HFC11 and 200 km2 of TGS HF13). If they decide to drill, they will acquire a new 3D seismic study and G&G studies.
Companies were invited to apply for licences in nine different areas; eight in the Barents Sea and one in the Norwegian Sea.
Meanwhile, Norway has announced this year’s licensing round for the Awards in Predefined Areas 2021. APA 2021 predefined areas have been expanded by 84 blocks. Four of them are in the North Sea, 10 in the Norwegian Sea and 70 in the Barents Sea. The application deadline is 8 September. Production licences are expected to be granted at the beginning of 2022.
