Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as a part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as accomplice.
“The APA rounds are necessary for Equinor to take care of exploration exercise and replenish our portfolio on the Norwegian Continental Shelf (NCS). We are happy with this vital addition of alternatives to our exploration portfolio,” says Nick Ashton, senior vp for exploration in Norway and the UK.
In the APA 2018 awards, introduced by the Ministry of Petroleum and Energy at the moment, Equinor is awarded 7 licences within the North Sea, 16 within the Norwegian Sea and 6 within the Barents Sea.
“Equinor is dedicated to a excessive exploration exercise on all elements of the NCS. These awards match with our technique to maximise worth creation by way of present infrastructure and take a look at new concepts that might create development choices. In line with our NCS roadmap, we’ve got an elevated deal with gasoline alternatives and that has additionally been mirrored in our software and at the moment’s awards,” says Nick Ashton.
The excessive variety of new licences is on stage with the final years’ APA awards for Equinor. (Source and picture: Equinor – Equinor employees with Transocean Leader within the background/Harald Pettersen)
The publish EQUINOR AWARDED 29 LICENCES OFFSHORE NORWAY appeared first on Energy Global News.