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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 exploration budgets and delay a number of exploration wells in 2020. The major factor driving the ma...

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 country's crude oil production was 1437 thousand barrels per day, which accounted for about 47.9% of Europe's 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 2021, about 30 companies have received offers of ownership interests in a total of 61 production lic...

Norway's 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 creation on the Norwegian shelf and in the supplier industry. The APA rounds cover most of the open, acc...