Predefined Areas News Today

Eirin is a gas field located 250 km west of Stavanger. The field will be developed as a subsea facility that will be adapted and prepared as a tie-in point for future discoveries in the area that can be expanded with new wells.

The upward adjustment was driven by higher growth estimates for field development and exploration.

Norway produced 2.1 million barrels of petroleum, natural gas liquids and condensate per day last month.

Investegate announcements from Audited Full Year Results to 31 December 2023

The transaction is expected to add around four million barrels of oil equivalent net to DNO, consisting of 90 percent gas.

The licenses are also expected to help make the companys upstream business more resilient.

The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian Continental Shelf in the APA 2023 licensing round. For 17 of the licenses, Aker BP is also granted operatorship.

Three license awards are in the North Sea (one as operator) and 10 in the Norwegian Sea (four as operator). Nine of the awards are new licenses, and four are area extensions to existing licenses.

The awards include eight production licenses in the North Sea, 13 in the Norwegian Sea, and eight in the Barents Sea. Equinor is the operator of 14 of the awarded licenses, and a partner in 25.

Of the 62 production licenses offered in APA 2023, 29 are located in the North Sea, 25 in the Norwegian Sea, and eight in the Barents Sea.