Page 5 - Predefined Areas News Today

Vår Energi has announced the award of 10 new production licenses, five of which as operator, in the 2021 Awards in Predefined Areas (APA) covering mature areas on the NCS.

Norwegian oil and gas firm Equinor has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy Award in Predefined Areas…

Lundin Energy has announced that its wholly owned subsidiary, Lundin Energy Norway, has been awarded interests in a total of ten exploration licences in the 2021 Awards in Predefined Areas (APA) licensing round, in Norway.

Equinor and partner Wellesley report discovering oil in the Troll and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect…

Equinor has, together with its partner Wellesley, discovered oil in the Troll- and Fram area in exploration wells 35/10-7 S and 35/10-7 A in the Toppand prospect. Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic metres of recoverable oil equivalent, or around 21–33 million barrels of recoverable oil equivalent.

Norway announces awards in predefined areas (APA) 2021 09 Jun 2021 Ministry of Petroleum and Energy has announced APA 2021, encompassing the predefined areas with blocks in the North Sea, Norwegian Sea and Barents Sea. The deadline to apply for APA 2021 is Wednesday, 8 September 2021 at 12:00. Applicants are encouraged to submit in good time before the deadline. Awards are expected during the first quarter of 2022.

Barents Sea acreage makes up 70 of the 84 blocks added to 2021 APA licensing exercise

Press release content from Business Wire. The AP news staff was not involved in its creation. Norway Oil and Gas Upstream Market Growth, Trends, COVID-19 Impact, and Forecasts Report 2021-2026 - ResearchAndMarkets.com April 27, 2021 GMT DUBLIN--(BUSINESS WIRE)--Apr 27, 2021-- The Norway oil and gas upstream market is expected to register a CAGR of more than 1% during the forecast period. The strain on oil demand and prices from the impact of the COVID-19 pandemic has led oil companies to lower ...

Development of New Oilfields to Drive the Market Norway is one of the largest oil producers and exporters in the European region. In 2019, the countrys crude oil production was 1437 thousand barrels per day, which accounted for about 47.9% of Europes total crude oil production. The average offshore rig count was 16 in 2020. The major oilfields in the country are reaching their maturity, and, as a result, since 2016, the oil production of Norway has declined significantly. However, in January 20...

Norways Ministry of Petroleum and Energy sends proposal to announce APA 2021 for public consultation 25 Feb 2021 APA 2021 (Award in Pre-defined Areas) for public consultation. The proposal entails that a further 84 new blocks are included in the APA area. Four are located in the North Sea, 10 in the Norwegian Sea and 70 in the Barents Sea. Predictable access to new exploration area is crucial for further development of the petroleum industry. It enables us to maintain activity and value creati...