Norway awards highly prospective Arctic acreage
Get this report
$1,350
You can pay by card or invoice
Report summary
The culmination of Norway’s highly anticipated 23rd Licensing Round saw 10 Arctic licences awarded to 13 companies. Three awards were in the newly opened Southeast Barents near Russia. The awards are announced at a time when most companies are cutting costs, slashing their exploration programs and delaying high-risk wells to focus on near-field activities. However, with several stacked prospects already identified and resource estimates in excess of one billion barrels, drilling success in the Southeast Barents could be the opening of a major new oil and gas province in Norway.
Table of contents
- First licences awarded in Southeast Barents
- Statoil and Lundin take the spoils
- Creating value in a challenging environment
- Five wells to be drilled by 2019
Tables and charts
This report includes 2 images and tables including:
- Norwegian Barents Sea 23rd Round awards
- Typical evolution of exploration strategies in the downturn
What's included
This report contains:
Other reports you may be interested in
13 January 2017
Norway upstream 2016 in review: cost cuts, FIDs and big deals
Norway upstream 2016 in review: cost cuts, FIDs and big deals
While we have not witnessed a full recovery, at least the sector is up and out of bed.
$1,35015 June 2016
Northwest Europe upstream week in focus: 15 June 2016
Northwest Europe upstream week in focus: 15 June 2016
The Week in focus covers all E&A drilling activity as well as deals and licensing activity throughout Northwest Europe.
$15003 June 2016
Petroleum fiscal and licensing month in brief: June 2016
Petroleum fiscal and licensing month in brief: June 2016
The fiscal and licensing month in brief will keep you up to date with fiscal system changes and licensing round developments.
$1,350
