Wintershall Norge AS has introduced that the corporate has been awarded new acreage within the 24th licensing spherical on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Petroleum and Energy yesterday introduced the award of 12 licenses to 11 firms. Three licenses have been supplied within the Norwegian Sea and 9 within the Barents Sea.

“We are very happy to be acknowledged as a associate within the license we’ve had as our primary precedence on this spherical. The space is among the many most attention-grabbing elements of the shelf and is of appreciable curiosity to us,” says Guy Oakes, exploration supervisor at Wintershall Norge. Wintershall has been awarded a 20% share in license PL 964, the place Aker BP would be the operator (40%) and the opposite companions are DEA (15%) and Petoro (25%). The license is situated near the prospect Gråspett in license 721, the place Wintershall can be a associate, and which is deliberate to be drilled later this 12 months.

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Promising space

According to analyses by the Norwegian Petroleum Directorate (NPD) the Barents Sea holds the most important undiscovered useful resource potential on the Norwegian Continental Shelf. “The Barents is massive and nonetheless has many unexplored areas. Wintershall sees nice potential and we’re hopeful that we’ll see bigger discoveries on this space quickly,” says Oakes. The 24th license spherical was introduced on June 21, 2017 and encompassed 102 blocks. Out of those, all 9 blocks within the Norwegian Sea and 38 blocks within the Barents Sea have been awarded.

Source: www.worldoil.com

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