Norway attracts 25 companies in oil and gas bid round
Norway
OSLO, August 29, 2023 – Norway’s latest oil and gas bid round has attracted 25 companies, including Shell, ConocoPhillips, Aker BP and Equinor, the local energy ministry announced on Monday.
The country launched a bid round with 92 new oil and gas concessions on offer in May 2023 in addition to all unawarded blocks offered in the previous Awards in Predefined Areas (APA) licensing rounds.
Added blocks include 78 new blocks in the western area of Barents Sea and 14 blocks in the north-western area of the Norwegian Sea.
The APA 2023 bid round encompasses concessions on the North Sea, Norwegian Sea and Barents Sea.
Awards are expected in Q1 2024.
Norway’s annual APA rounds began in 2003 for bids on well-known areas or those with planned infrastructure.
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