21 Oil and Gas Firms Bid on New Exploration Areas in Norway

Norway’s latest license round for new acreage in the best-explored areas on the shelf has attracted bids from 21 oil and gas companies, the Norwegian Energy Ministry said on Friday. Norway holds an annual license round for exploration acreage in the best-known and mature areas on the Norwegian Continental Shelf—the so-called awards in predefined areas (APA) round. After more than 50 years of exploration activity, the APA rounds currently cover most of the area that has been open to drilling and is available on the shelf. This year,…