Friday, December 19, 2008

Norway offers 34 production licenses in APA 2008

Oslo: The Norwegian government will offer 34 production licenses in the awards in predefined areas licensing round 2008 (APA 2008).

The 34 licenses include 21 in the North Sea, 11 in the Norwegian Sea and two in the Barents Sea. A total of 47 companies applied for production licenses in APA 2008. The government will make offers to 19 operators and 40 companies, including both operators and companies with participating interests. The APA licensing rounds take place in mature areas of the Norwegian continental shelf. For APA 2008, production licenses in the Barents Sea close to the coast will require additional efforts in response to oil spills in the area. Operators offered licenses include BG Norse, Centrica Resources, ConocoPhillips, Dana Petroleum, Det Norske Oljeselskap, Dong, Eni, Lotos, Lundin, Maersk, Marathon, Nexen, OMV, Premier Oil, Revus Energy, Rocksource, StatoilHydro, Talisman Energy and Wintershall. Sagex has a 40 percent interest. License 518 was offered to operator Dong with 40 percent. Discover holds a 20 percent interest, North Energy has 30 percent interest and Sagex has 10 percent.
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