Equinor Awarded 17 New Production Licences on the Norwegian Continental Shelf

January 24, 2021 | Oil & Gas | Energy Facts Staff Writer | 3min

Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 10 licences as operator and 7 licences as partner.

“We are pleased about the awards that will be an important supplement to our exploration portfolio and form the basis for future discoveries to be realized in line with Equinor’s climate roadmap,” says Nick Ashton, Equinor’s senior vice president for exploration Norway.

The MPE announced today that Equinor has been awarded 8 production licences in the North Sea and 9 licences in the Norwegian Sea.

The annual APA rounds are a central part of the NCS success story. Since the authorities introduced the APA rounds at the beginning of the 21st century, several discoveries have been made in mature areas with geology we know and already developed infrastructure.

Due to their location, these resources can often be realised with high profitability and create considerable value for society, and they can be produced with a low carbon footprint per barrel.