Norway announces bid round

Norway

OSLO, May 10, 2018 – Norway’s Ministry of Petroleum and Energy launched a new offshore bid round on Wednesday, expanding significantly the acreage offered previously under the Awards in Pre-defined Areas (APA) scheme.

“The predefined areas (APA acreage) have been expanded with 47 blocks in the Norwegian Sea and 56 blocks in the Barents Sea since APA 2017,” the Norwegian Petroleum Directorate said. “Applications can be submitted for any blocks or parts of blocks within the predefined areas that are not already included in a licence three months before the closing date for application.”

The deadline for applications is September 4, 2018, and awards will be made public in Q1 2019, the announcement added.