Norway Oil and Gas Exploration Round Attracts Bids From 20 Firms

This year’s round will contain more acreage in the Arctic Barents Sea, part of Norway’s strategy to extend the life of its oil industry, the government has said.

The number of applicants was in line with last year’s APA round, when acreage was awarded to 20 companies.

Equinor, Aker BP, ConocoPhillips and TotalEnergies were among the companies applying.

“It is gratifying to see that there is still great interest and that companies have faith in the opportunities that lie in further exploration,” Energy Minister Terje Aasland said in a statement.

“This will enable Norway to continue to be a stable and predictable supplier of oil and gas to Europe,” he added.

(Reporting by Terje Solsvik; editing by Nora Buli)