APA 2016: High interest in exploring for oil and gas in Norway

The deadline for applications to the annual licensing round in the best known exploration areas on the Norwegian Continental Shelf (APA 2016) expired on Tuesday 6th of September 2016. 33 companies have shown their interest in receiving oil and gas exploration licenses in these areas.

- Awarding new acreage is essential for facilitating activity and employment in the years to come. The fact that a large number of companies position themselves for an active, long term presence and value creation on the Norwegian Continental shelf is positive, says Minister of Petroleum and Energy, Tord Lien (Progress Party).

The Ministry has received applications from a total of 33 companies. This is a slight decline compared to last year's number of applicants. This can mainly be attributed to consolidation and structural changes in the industry.

The pre-defined areas were significantly expanded both in the Norwegian Sea and in the Barents Sea in connection with this licensing round. Interesting applications have been received both in these new areas and in the previously announced APA-areas.

- Predictable access to attractive acreage is among the most important measures the Government can contribute with in order to maintain employment as well as a high, long-term level of activity in the industry. I take note of the fact that there is great interest in all areas on the Norwegian Continental Shelf, Minister Lien adds.

Background:

APA is a scheme with annual awards within pre-defined areas on the Norwegian Continental Shelf. The purpose of the APA scheme is to stimulate rapid and efficient exploration of the Norwegian Continental Shelf. The area will gradually be increased as the geological knowledge of areas on the Norwegian Continental Shelf increases.

In the areas with extensive geological knowledge on the Shelf, it is expected that most discoveries will be relatively small, and thus might not warrant independent developments. Therefore, it is good resource management to prove and recover these resources before existing infrastructure to other fields is shut down.

APA 2016 was announced on 17th March 2016.

More information is available at APA 2016, hereunder maps of available acreage.

The companies that have applied:

A/S Norske Shell

BP Norge AS

Capricorn Norge AS

Centrica Resources (Norge) AS

Concedo ASA

ConocoPhillips Skandinavia AS

DEA Norge AS

Det norske oljeselskap ASA

Edison Norge AS

ENGIE E&P Norge AS

Eni Norge AS

Faroe Petroleum Norge AS

Fortis Petroleum Norway AS

Grail North Sea Ltd

Idemitsu Petroleum Norge AS

Lotos Exploration & Production Norge AS

Lundin Norway AS

M Vest Energy AS

MOL Norge AS

North E&P AS

OMV (Norge) AS

Origo Exploration Norway AS

Petrolia NOCO AS

PGNiG Upstream International AS

Point Resources AS

Repsol Norge AS

Skagen 44 AS

Statoil Petroleum AS

Suncor Energy Norge AS

Total E&P Norge AS

VNG  Norge AS

Wellesley Petroleum AS

Wintershall Norge AS