Fossil Energy – Production Licences
Equinor was awarded 39 new production licences by the Ministry of Energy in this year’s Awards in Predefined Areas (APA).
Equinor was awarded 18 production licences in the North Sea, 13 in the Norwegian Sea, and 8 in the Barents Sea. Equinor is the operator of 14 of the awarded licenses, and a partner in 25.
“These licences give Equinor and our partners new opportunities to further develop the Norwegian continental shelf (NCS) as an energy province. We are familiar with the geology and confident that we will make new discoveries,” says Jez Averty, Equinor’s senior vice president for subsurface, the Norwegian continental shelf.
“Continued active exploration is necessary in order to reduce the production decline that will occur on the NCS. Phasing in oil and gas from new discoveries will secure long-term activity and contribute to energy security in the European and UK energy transition.”
In Norway, Equinor is the operator of 35 offshore platforms with low production emissions, and processing and export infrastructures that have largely been paid off. Infrastructure-led discoveries can be rapidly developed, at low cost, and with low greenhouse gas emissions from production and transportation.