The Ministry of Petroleum and Energy has provided Equinor seven licenses within the 24th licensing spherical – 5 operatorships and two companion positions.

“We have a transparent ambition of sustaining worthwhile manufacturing at as we speak’s stage on the Norwegian continental shelf (NCS) till 2030 and past. It is due to this fact essential that we’re awarded new exploration acreage past already opened areas. We are happy with the provide we now have obtained as we speak,” stated Arne Sigve Nylund, Equinor’s government V.P. for growth and manufacturing in Norway.

The award features a dedication properly within the southwestern a part of the Barents Sea. Equinor has additionally been provided an fascinating license in deep waters in a frontier a part of the Vøring basin, within the Norwegian Sea.

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“This award is in keeping with Equinor’s exploration technique, securing us entry at scale. Exploration on the Norwegian continental shelf (NCS) is changing into ever tougher. It is vital to Norway and the businesses to map remaining business sources each within the Norwegian Sea and the Barents Sea. We see the necessity for testing new exploration fashions and that’s what we intention for in these licenses. Proving various exploration fashions is one of the simplest ways of totally mapping the NCS sources,” says Nicholas Ashton, head of exploration on the NCS.

“We have constructed on our 40-year historical past in North Norway and our lengthy exploration expertise from the Barents Sea. We due to this fact wish to make clear the potential within the western margin of the Barents Sea and within the Hoop space round Wisting. A Equinor group has labored for a very long time on making ready this software, and I’m very pleased with everybody who has coopered throughout Equinor to safe the award we obtained as we speak,” stated Ashton.

In distinction to the awards of the 23rd licensing spherical, the vast majority of these awards are much less mature and due to this fact require extra work earlier than the drilling candidates are prepared. Consequently, Equinor will collect and interpret information earlier than the licenses are offered to the companions who will resolve on any drilling of exploration wells.

“Our drilling marketing campaign in 2017, and the cooperation we now have seen within the trade by way of Barents Sea Exploration Collaboration (BaSEC) show that we are able to drill safely and in a commercially aggressive manner in these areas,” signifies Ashton.

“This as an important alternative for us. We firmly consider that if we discover a enough quantity of sources we can develop them in a worthwhile and sustainable method,” concluded Nicholas Ashton.

In the 24th licensing spherical, Equinor has been provided new manufacturing licenses within the following areas:

  • 100 % share and operator for manufacturing license PL957 (blocks 6201/6 og 6202/four)
  • 50 % share and operator for manufacturing license PL959 (blocks 6503/eight, 11, 12 og 6504/10, 11)
  • 40 % share and operator for manufacturing license PL960 (blocks 7018/four, 5)
  • 50 % share and operator for manufacturing license PL961 (blocks 7116/6 og 7117/four, 5)
  • 70 % share and operator for manufacturing license PL966 (blocks 7325/2, three, 6, eight, 9 og 7326/four, 7, eight, 9 og 7327/7, eight og 7426/10, 11)
  • 30 % share and companion for manufacturing license PL963 (blocks 7422/10, 11) – AkerBP is the operator
  • 35 % share and companion for manufacturing license PL537B (block 7324/four) – OMV is the operator

Source: www.worldoil.com

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