Inpex Bags 5 Norway Licenses, Ups Stake in Ichthys LNG
The licenses are also expected to help make the company's upstream business more resilient.
Stay updated with breaking news from Predefined Areas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The licenses are also expected to help make the company's 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.