Related Articles
Forward article link
Share PDF with colleagues

Norway winds down

Fresh developments in the Arctic promise new production, but enthusiasm for fresh licenses has waned

A decline in applications for production licenses in Norway's latest oil and gas auction suggests that appetite for fresh exploration on the Norwegian continental shelf may have passed its peak. However, existing offshore discoveries are still being converted into substantial developments. The number of companies who applied for acreage in the 24th oil and gas licensing round plummeted to just 11, down from 26 in the previous round. Applicants this time included Statoil and mid-sized Norway specialists Aker BP and Lundin, as well as Shell, Centrica, OMV, Wintershall and Kuwait's Kufpec. Also in the list was Rosneft's Norwegian subsidiary, RN Nordic, which together with a proposed deal unde

Also in this section
Latest licensing rounds
23 March 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Trump's offshore oil ambitions sinking
23 March 2018
A clumsy roll-out has imperiled a plan to open nearly all of America's waters to drilling
North Sea—life in the old dog
12 March 2018
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators