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Norway delays oil licensing round results
Petroleumworld
CARACAS
Petroleumworld.com 11 10 06
The Norwegian Petroleum Directorate - NPD said Thursday, it has delay its fourth oil licensing round results, because of unprecendented interest from oil and gas companies.Norway's fourth licensing round is to award poil licensies in predefined areas and the NPD has pushed the announcement of the results to mid-January from December.
The Norwegian Ministry of Petroleum and Energy that administers the awards "has decided the APA will be awarded towards mid-January," said Johannes Kjode, senior adviser at the NPD, Dow Jones reported.
"It's because there were so many applications. Instead of rushing, it's better to delay for a few weeks," Kjode added.A record number of applicants bid for the predefined areas, that include oil and gas exploration blocks in the North Sea, the Norwegian Sea and the Barents Sea [ 11-09-06 1128ET ]
The 2006 APA round was announced on Feb. 20, with a total of 192 blocks or parts of blocks made available, or an area equal to 61,452 square kilometers.
Of the 192 blocks, 121 blocks or parts of blocks are located in the more mature North Sea, 55 in the Norwegian Sea and 24 in the Barents Sea.
Petroleumworld 09 11 06Copyright© 2006 Petroleumworld. All Rights Reserved.
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