Fossil Energy – Production Licenses
The Ministry of Energy of Norway has awarded Equinor 27 new production licenses in this year’s Awards in Predefined Areas (APA).
Equinor was awarded 20 licenses in the North Sea, six in the Norwegian Sea and one in the Barents Sea. Equinor is the operator of seven of the licenses and a partner in 20.
“There are still substantial resources on the Norwegian Continental Shelf (NCS). Together with our partners, we need to explore more to contribute to European energy security and maintain our position as a reliable supplier of oil and gas. The annual award of pre-defined areas is crucial to ensure high export levels over time. We will continue to make robust investments, and our ambition is to drill around 250 exploration wells by 2035. To do this, we need regular access to acreage,” says Jez Averty, Equinor’s senior vice president for subsurface, the Norwegian continental shelf.
