Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas 10 licences as operator and 7 licences as partner. The MPE announced that Equinor has been awarded 8 production licences in the North Sea and 9 licences in the Norwegian Sea.
The annual APA rounds are a central part of the NCS success story. Since the authorities introduced the APA rounds at the beginning of the 21st century, several discoveries have been made in mature areas with geology we know and already developed infrastructure.
Due to their location, these resources can often be realised with high profitability and create considerable value for society, and they can be produced with a low carbon footprint per barrel.