APA 2020: 30 companies offered ownership interests
1/19/2021 30 companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020.
The authorities assessed applications from a total of 33 companies during autumn 2020.
Of the 61 production licences, 34 are in the North Sea, 24 are in the Norwegian Sea and 3 are in the Barents Sea. 12 of the production licences are additional acreage to existing production licences.
“This year’s award of 61 new production licences to as many as 30 companies shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf,” says director licence management in the Norwegian Petroleum Directorate, Kalmar Ildstad.
“It’s positive that the companies are showing significant interest in exploring in areas with known geology, and close to existing infrastructure,” says Ildstad.
The player landscape in this APA award is very diverse. Both small companies and major international players are being offered exploration acreage.
Press release from the Ministry of Petroleum and Energy about APA 2020
Director Communication, public affairs and emergency response
Updated: 1/19/2021