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Norway Launches APA 2016, Adds New Blocks


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Norway Launches APA 2016, Adds New Blocks

Business

Category: Energy

The Norwegian Ministry of Petroleum and Energy launched the APA 2016 licensing round on Thursday. The round comprises predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea.

The predefined areas have been extended since APA 2015. The new areas include 24 blocks in the Norwegian Sea and 32 blocks in the Barent Sea.

Applications can be submitted for any blocks or parts of blocks within the predefined areas that are not already included in a license three months before the closing date for applications.

This entails that acreage which is relinquished in the application period is regarded as announced at the time of governmental approved relinquishment.

Applications for APA 2016 close on Sept. 6. The awards will be announced during the first quarter of 2017.

Source: World Oil

Published: October 4, 2022