License Awards

Norway Awards 69 New Offshore Blocks

By Mahati K L
January 15, 2020
a minute read
Norway Flag Panorama

The Norwegian Petroleum Directorate (NPD) has awarded 69 offshore blocks across the Norwegian Continental Shelf, as part of its 2019 Award in Pre-Defined Areas (APA) Licensing Round. Blocks have been awarded to a total of 28 companies, both individually and in consortia, of which 19 companies will hold operatorships. The awarded blocks include 33 in the North Sea, 23 in the Norwegian Sea, and 13 in the Barents Sea. A total of 33 oil companies had submitted bids for 90 blocks by the September 2019 deadline for the auction. Winners include Norwegian oil companies Equinor ASA, Aker BP ASA, OKEA ASA and DNO ASA, as well as subsidiaries of global majors including Royal Dutch Shell Plc, TOTAL SA, OMV AG, and Eni SpA (through Vår Energi AS), and other international independents including ConocoPhillips, Wintershall Dea GmbH, Lundin Petroleum AB, Chrysaor Holdings Ltd., and the Neptune Energy Group. Notably, Russian companies Lukoil PJSC and Rosneft OAO, both of which had submitted bids during the auction, were not awarded any blocks.

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