Norway to add more Arctic acreage for oil and gas drilling
(Reuters) - Norway plans to add another 37 blocks to its annual so-called pre-defined areas oil and gas licensing round in the Norwegian Sea and the Barents Sea, the country's energy ministry said in a statement on Wednesday.
In total, 34 of the new blocks were located in the south-east Barents Sea, while the remaining three were in the Norwegian Sea.
"Access to new, attractive acreage is a cornerstone of the government's policy to develop the (oil and gas) industry further," the country's Energy Minister Terje Aasland said.
The latest expansion of APA areas, which today cover more than two-thirds of the total area on the Norwegian continental shelf, where commercial oil and gas drilling is allowed, is down from 92 blocks added in the previous round, APA 2023.
Earlier this month the government awarded 62 exploration permits to 25 oil and gas companies in APA 2023, but only three Norwegian companies - Equinor ENQR.OL, Aker BP AKRBP.OL and Vaar Energi VAR.OL - showed an interest in the Barents Sea.
Related News
Related News
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments