Norway grants 75 exploration licences

Norway

SANDEFJORD, January 17, 2018 – Norway’s energy ministry has granted a record 75 offshore oil exploration licences, international media reported on Tuesday.

Statoil, Aker BP, Shell, Total and ConocoPhillips were among the winners of 45 blocks in the North Sea, 22 in the Norwegian Sea and eight in the Barents Sea, Reuters reported.

“The number of licences is the highest ever awarded in a licensing round on the Norwegian continental shelf,” the country’s energy minister Terje Soeviknes said in a statement cited by the news agency. “Access to new, prospective exploration acreage is a central pillar in the government’s petroleum policy.”

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