33 companies in the raceAPA 2019 Map. Source: NPD

33 companies in the race

There is still exploration interest on the Norwegian shelf and the Barents Sea, as it can be seen from the encouraging number of applicants and applications to this year’s APA.

The authorities have received applications from 33 companies, most of them active on the Norwegian shelf, in the Awards in Predefined Areas (APA) 2019.

Interest in the Norwegian Sea and the Barents Sea is comparable to APA 2018, while there is a small decline in the North Sea.

– A great deal of acreage has been awarded over the last two years, particularly in the North Sea. That makes it particularly gratifying to see the continued strong interest in new exploration acreage, says exploration director in the Norwegian Petroleum Directorate, Torgeir Stordal.

– The APA area was further expanded prior to this year’s round. We are pleased to see many applications in the expanded area, he adds.

The authorities will announce which companies will be offered ownership interests in APA 2019 early in 2020.

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