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Norway invites bids in latest APA oil & gas round
Jun 9, 2021 2:17:pm
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by: Joseph Murphy
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Norway invites bids in latest APA oil & gas round
Norway s petroleum ministry has invited bids in the country s latest awards in predefined areas (APA) oil and gas licensing round, it reported on June 9.
The round will offer rights to 84 blocks, including 70 in the Barents Sea, 10 in the Norwegian Sea and four in the North Sea. The deadline for bid submissions is September 8 and licences are expected to be awarded in early 2022. A consultation on the offering began in late February.
APA rounds offer licences in more extensively explored and developed areas of the Norwegian shelf, where there is more infrastructure but discoveries are likely to be smaller. The previous APA contest led to the award of 61 production licences to 30 companies in January.