Norway attracts bids from 21 companies for new oil and gas exploration areas [Yahoo! Finance]
OMV AG BEARER SHS S/ADR (OMVKY)
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Source: Yahoo! Finance
The expansion reflects the increasing geological knowledge of areas on the NCS. The NOD highlighted the interest from companies in exploration near existing fields and infrastructure. The regulator is now assessing the applications, focusing on geological understanding and exploration plans. When awarding production licenses, the NOD will also consider the applicants' technical expertise, experience and financial capacity. The goal is to grant new production licences in the announced areas in early 2025. The companies that applied for the offered areas include Aker BP, Concedo, ConocoPhillips Skandinavia, DNO Norge, Equinor Energy, INPEX Idemitsu Norge, Lime Petroleum, M Vest Energy and Norske Shell. Others that participated include OKEA, OMV (Norge), Pandion Energy, Petrolia NOCO, PGNiG Upstream Norway, Repsol Norge, Source Energy, Sval Energi, TotalEnergies EP Norge, Vår Energi, Wellesley Petroleum and Wintershall Dea Norge. Norway Minister of Energy Terje Aasland sai
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