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Regulator: Orkustofnun

The National Energy Authority, a government agency under the Ministry of Industries and Innovation

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License rounds

There are no active exploration licenses on the Icelandic Insular Shelf and the surrounding areas. The last licensing round on the Icelandic Shelf was held back in 2011-2012 with no licenses awarded. As far as expronews knows, no new licensing rounds are to be announced in the near future.

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Iceland Geosurvey

Iceland GeoSurvey is a self-financing, state-owned, non-profit institution focusing on geoscience and geothermal activities.

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Concession map

According to the Orkustofnun, two areas on the Icelandic Continental Shelf are thought to have potential for commercial accumulations of oil and gas. They are the Dreki east and northeast of Iceland and the Gammur on the northern insular shelf of Iceland. Map: Orkustofnun.