Equinor has been awarded 17 new manufacturing licences by Norway’s Ministry of Petroleum and Energy within the 2020 Award in Predefined Areas (APA) – 10 licences as operator and seven licences as accomplice.
“We are happy in regards to the awards that might be an essential complement to our exploration portfolio and type the idea for future discoveries to be realized according to Equinor’s local weather roadmap,” says Nick Ashton, Equinor’s senior vice chairman for exploration Norway.
The MPE introduced at present that Equinor has been awarded eight manufacturing licences within the North Sea and 9 licences within the Norwegian Sea.
The annual APA rounds are a central a part of the NCS success story. Since the authorities launched the APA rounds firstly of the 21st century, a number of discoveries have been made in mature areas with geology we all know and already developed infrastructure.
Due to their location, these assets can typically be realised with excessive profitability and create appreciable worth for society, and they are often produced with a low carbon footprint per barrel.
At the identical time, we’re experiencing a speedy technological improvement. New digital instruments set off extra concepts and lots of new alternatives. Several of Equinor’s exploration wells prior to now years are a direct results of this work.
“We reside in very thrilling instances. Digitalization provides us new perception into the underground and a possibility to search out extra oil and fuel. At the identical time, we face ever stricter necessities for CO2 emissions all through the worth chain, from discovery to consumption, and we should reach each areas. This is just not a simple activity, however it’s extremely rewarding to assist clear up it,” says Ashton.
(Source: Equinor – Image: NPD)
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