OSLO Dec 13 Norway will launch its 2017
licensing round for so-called mature areas on Tuesday, allowing
oil and gas firms access to up to 87 new offshore exploration
blocks, Minister of Petroleum and Energy Tord Lien told news
Final awards of acreage, which depend among other things on
the level of interest from oil companies, is expected to take
place in January 2018, NTB said.
Also known as licensing of pre-defined areas, the mature
round aims to award new acreage close to existing developments,
allowing companies to tap in to any discoveries through
infrastructure that is already in place.
A total of 33 firms applied for acreage in the corresponding
2016 round, including Statoil, Shell,
ConocoPhillips, Aker BP and Lundin Petroleum
(Reporting by Terje Solsvik; Editing by Biju Dwarakanath)