13 Jan Equinor awarded new production licenses on the NCS
(Oilandgaspress) Equinor has been awarded 35 new production licenses by the Ministry of Energy in this year’s APA, Awards in Predefined Areas.
Equinor will gain access to attractive acreage in the North Sea, the Norwegian Sea and the Barents Sea, strengthening the foundation for the company’s exploration activity, production and long-term value creation on the Norwegian continental shelf (NCS).
Twenty-one of the awards are located in the North Sea, ten in the Norwegian Sea, and four in the Barents Sea, 17 of the licences with Equinor as an operator.
“We are very pleased with the APA round, which facilitates our plans for a continued high level of activity within exploration. A strong year has been completed with 14 discoveries in 2025, 7 of them Equinor operated. This amounts to approximately 125 million barrels of new recoverable oil equivalent, with a potential for even more,” says Jez Averty, Equinor’s senior vice president for subsurface, the Norwegian continental shelf.
JThe licenses are awarded within areas with existing infrastructure and new areas.
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