NPD announces 25th licensing round

Norway's Ministry of Petroleum and Energy (NPD) has announced the launch of the 25th licensing round, encompassing 136 blocks in the Norwegian Sea and the Barents Sea.

The deadline to apply for the 25th licensing round is 23 February 2021 at 12:00. Awards are expected during 1Q21.

“The recently published Resource Report 2020 showed that substantial undiscovered resources remain in all areas on the NCS. In the 25th round, the companies will have access to acreage that has not been available in the annual APA rounds so far,” said Torgeir Stordal, Director Exploration.

“The announced acreage features a broad range of exciting plays that, so far, have not been extensively explored.”

“This licensing round contributes to predictable access to acreage for the industry, and towards maintaining the activity level. We look forward to seeing the results in the years to come.”

Read the latest issue of the OGV Energy magazine HERE.