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Announcement 23rd licensing round awards
Press release | Published: 2016-05-18
| No: 026/2016
Today the Norwegian Ministry of Petroleum and Energy is awarding ten new licenses, consisting of 40 blocks in total.
Three of the licenses are located in the newly opened area in the Barents Sea southeast, outside the county of Finnmark. Thirteen companies are offered participating interest.
- Today, we are opening a new chapter in the history of the Norwegian Petroleum industry. For the first time in twenty years, we offer new acreage for exploration. This will contribute to employment, growth and value creation in Norway. Northern Norway is now in the forefront of further developing the Norwegian petroleum industry, says Minister Tord Lien (Progress Party).
Thirteen companies are offered participating interest, whereof five companies are offered operatorship. Access to new, attractive exploration acreage is a precondition for long-term activity and value creation in the petroleum sector, and thus employment throughout the country. This is a cornerstone of the government's petroleum policy and is particularly important in the current challenging times for the industry.
- The Barents Sea offers great, new opportunities. The industry's interest in new acreage shows that the Norwegian continental shelf (NCS) remains attractive. The potential is huge. If the companies are successful in their exploration, Northern Norway will enter a new era, says Minister Lien.
Oil and gas activities in Norway take place within a strict HSE framework. The activities following the 23rd license round awards is a continuation of petroleum activities in an area where we have had exploration wells since 1980.
- We have almost 40 years of operational experience in the Barents Sea. The operational conditions in the areas where we are awarding acreage today, are well known from other parts of the NCS. Oil and gas activities in Norway will only take place within a sound health, safety and environment framework. This also goes for the acreages we are awarding today, says Minister Tord Lien.
The Norwegian Government announced the 23rd licensing round on January 20th, 2015. For more information on the 23rd licensing round and maps of the areas, follow this link.
Since 1980, petroleum activities are carried out in the Barents Sea. The area Tromso–flaket was opened in 1979. Additional acreage was opened during the 80s. The first exploration well in the Norwegian Barents Seas was spudded in 1980. The following year, the first discovery - was made and constitutes a part of the Snohvit development, production start in 2007.
The first oil development, the Goliat field, started production this year. 130 wells are drilled in the Barents Sea and 49 of these discovery wells. The industry is working on new field developments in the Barents Sea notably Johan Castberg, Wisting and Alta/Gotha.
The Barents Sea southeast became a part of the Norwegian Continental Shelf after the Treaty on Maritime Delimitation and Cooperation in the Barents Sea and the Arctic Ocean between Russia and Norway entered into force on July 7th 2011. In 2013, the Norwegian Parliament opened the Barents Sea southeast to petroleum activity.