Norway awards new oil licences

Norway awards new oil licences

Norway’s Energy Ministry launched an Arctic-focused oil and gas licencing round today and also awarded 54 new exploration blocks in a mature area licencing round, Oil Minister Tord Lien stated.

Norway will offer 57 new blocks in the licencing round, including 54 in the Arctic Barents Sea while another 54 blocks, mostly in the North Sea have been awarded to energy companies according to reports by Reuters.

Oil and Gas Press

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