Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and Energy Minister Kjell-Børge Freiberg said last Thursday.
Norway plans to include a total of 90 new blocks in the so-called APA annual licensing round this year, including 48 blocks in the Barents Sea, 37 blocks in the Norwegian Sea, and five blocks in the North Sea.
“It’s important to maintain the positive development in exploration activity in the Barents Sea. I hope this will lead to robust field development solutions and increased value creation in the north,” Freiberg said in a statement.
“53 years after the first licensing round, this new record confirms the industry’s belief in continued value creation and activity in Norway,” Freiberg said in January this year, when he announced the new licenses and the 33 different companies that were awarded ownership interests.