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UPDATE 1-Norway awards 53 new petroleum production licences

Tue, 18th Jan 2022 13:08

(Adds detail, quotes)

OSLO, Jan 18 (Reuters) - Norway awarded 53 new petroleum
production licences on the Norwegian continental shelf in the
latest licensing round for mature areas, the oil and energy
ministry said on Tuesday.

Stakes were offered to 28 oil companies in the so-called APA
2021 round offering offshore licences for exploring and
producing petroleum, including 5 licences in the Arctic Barents
Sea, the ministry said.

Norwegian state-controlled Equinor won stakes in
26 licences, of which it will operate 12.

Aker BP got stakes in 15 licences of which the
Norwegian independent oil firm will operate seven.

Sweden's Lundin Energy was awarded stakes in 10
licences, including five operatorships.

Last December, Aker BP announced it was buying Lundin's oil
and gas business in Norway to create the country's
second-largest listed player after Equinor.

Eni's Norwegian subsidiary Vaar Energy also won
stakes in 10 licenses, including five operatorships, three of
which are in the Barents Sea.

Among other international players, ConocoPhillips
won three operatorships, Shell got stakes in two
licences including one operatorship, and TotalEnergies
got a stake in one licence.

The oil and energy ministry said awarding new licences is
aimed at ensuring stable activity on the Norwegian continental
shelf.

"Further exploration activity and new discoveries are
crucial to develop the Norwegian petroleum industry further,"
Minister of Oil and Energy Marte Mjoes Persen said.

Norway is set to boost its petroleum output by more than 9%
by 2024, the Norwegian Petroleum Directorate (NPD) forecast on
Jan. 13.

Greenpeace described the government's decision to award
licences at a time when the world is facing a climate crisis as
"insane" and said it should instead focus on developing new
green industries to protect jobs in the future.
(Reporting by Nerijus Adomaitis; editing by Nora Buli and Jason
Neely)

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