Continued significant interest in exploration in mature areas in APA 2020Norwegian Minister of Petroleum and Energy, Ms. Tina Bru (government.no)

Continued significant interest in exploration in mature areas in APA 2020

The authorities have received applications from 33 companies in the Awards in Predefined Areas (APA) 2020.

The deadline for applications was 22 September.

Most of the companies that are active on the Norwegian shelf have submitted applications in this year’s APA round.

“In a challenging year for the petroleum industry, I am very pleased with the interest shown by from the companies for new licenses on the Norwegian Continental Shelf (NCS). We have received a large number of applications, and this is important in order to make discoveries that will contribute to long term value creation, employment and state revenues,” says Norwegian Minister of Petroleum and Energy, Ms. Tina Bru.

“It’s gratifying to see the continued high level of interest in investigating new exploration acreage, even though there have been many awards in the last two APA rounds,” says the Norwegian Petroleum Directorate’s (NPD’s) exploration director, Torgeir Stordal.

The NPD will now start the work of evaluating the applications with focus on geological understanding and plans for exploration of the areas. When production licences are awarded, emphasis is also placed on the companies’ technical expertise and experience, as well as financial strength.

The authorities plan to announce which companies will be offered ownership interests in APA 2020 early in 2021.

Awards in Predefined Areas (APA) is an annual licensing round for the best known areas on the Norwegian Continental Shelf. It now includes the larger part of all available exploration acreage.

The companies that have applied are:

Aker BP ASA
A/S Norske Shell
Chrysaor Norge AS
Concedo ASA
ConocoPhillips Skandinavia AS
DNO Norge AS
Edison Norge AS
Equinor Energy AS
Horisont Energi AS
Ineos E&P Norge AS
INPEX Norge AS
KUFPEC Norway AS
Lime Petroleum AS
Lotos Exploration & Production Norge AS
Lundin Norway AS
MOL Norge AS
M Vest Energy AS
Neptune Energy Norge AS
OKEA AS
OMV (Norge) AS
ONE Dyas Norge AS
Pandion Energy AS
Petrolia NOCO AS
PGNiG Upstream Norway AS
RN Nordic Oil AS
Source Energy AS
Spirit Energy Norge AS
Sval Energi AS
Suncor Energy Norge AS
Total E&P Norge AS
Vår Energi AS
Wellesley Petroleum AS
Wintershall DEA Norge AS

PRESS RELEASE NPD

PRESS RELEASE MINISTRY OF PETROLEUM AND ENERGY

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