Equinor awarded 23 new production licences on NCS

Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner-operated.

 

“The award enables us to mature new prospects and prove profitable resources that can be developed within the scope of our new climate roadmap for the Norwegian continental shelf (NCS),” says Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK.

 

The APA rounds are essential to sustaining activity and form the basis for future revenues from the NCS. The Ministry of Petroleum and Energy today announced that Equinor has been awarded 8 production licences in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.

 

A unique infrastructure has been built up on the NCS over more than 50 years, providing neighbouring discoveries with a good foundation for profitable, low-carbon development.

Source / More : Equinor

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