New license in the Barents Sea

This article originates from the news archive of Det norske.

9. June 2011

Today Det norske and partners DONG and Edison, signed agreements for production license 613 at the Ministry of Petroleum and Energy.

Production license 613 was awarded in the 21st  licensing round. The license is located in the northern part of “Loppa High” in the Barents Sea. The license covers blocks 7322/10 and 11.

The work program that the companies have now committed themselves to, includes acquisition of 3D seismic over the area. The decision to drill an exploration well must be taken within three years. Acquisition of seismic is planned to start already this year, and the first partner meeting will take place as early as next week.

In Det norske, work with this license will be placed to our office in Harstad.

Licensees in PL 613:
Dong E&P Norge (operatør)        40 prosent
Det norske oljeselskap                  35 prosent
Edison International Norway      25 prosent

Facts

There are two types of licensing rounds is held on the Norwegian continental shelf:

– Awards in Predefined Areas (APA), which includes the mature parts of the shelf, with known geology and good infrastructure. This award is announced every year.

– The ordinary licensing rounds, which includes the immature parts of the shelf. These rounds are usually announced every two years.

The first licensing round was announced in 1965. Nine companies and groups of companies were in this autumn awarded 22 production licenses.

This year’s round was announced on 23 June. 94 blocks, 43 in the Norwegian Sea and 51 in the Barents Sea were offered, with a deadline in November 2010. Of these, the Government today decided to offer 24 licenses to 29 companies

 

About Det norske:
Det norske is the second-largest operating company on the Norwegian Continental Shelf both considering number of operatorships, exploration- and drilling activity. The aggressive exploration program is the largest an independent Norwegian company has ever conducted on the NCS. Det norske runs its activities in a safe and responsible manner in close cooperation with the authorities. Det norske will in 2011 participate in over 10 drilling operations as partner or as operator.

Det norske currently employs a staff of around 200. The company`s registered office is located in Trondheim. The company also has offices in Oslo, Harstad, and Stavanger. Det norske is listed on the Oslo Stock Exchange (DETNOR).