Very pleased with the licensing round awards

This article originates from the news archive of Det norske.

18. May 2016

Det norske oljeselskap ASA has been awarded one operatorship and two partnerships in the 23rd licensing round. “We are very pleased with the awards. They provide Det norske with several exciting opportunities for growth and value creation”, says SVP Exploration, Gro G. Haatvedt.

Today, the Ministry of Petroleum and Energy (MPE) announced the awards of new licenses in the 23rd licensing round. Operatorships and participating interests were awarded to 13 companies in a total of 40 blocks in the Barents Sea. Det norske was awarded one operatorship and two partnerships.

Gro Gunleiksrud Haatvedt

SVP Exploration of Det norske, Gro G. Haatvedt

Pleased
SVP Exploration of Det norske, Gro G. Haatvedt, is very pleased with the awards, which confirm that the company has done a solid job.

“Det norske wants to invest heavily in the Barents Sea. It is important to get access to new exploration acreage, as we have now. These awards offer several exciting opportunities, but at the same time there is always a greater risk associated with new areas.”

Haatvedt is looking forward to initiate work with the new acreage. The 23rd licensing round is important both for Det norske as well as the Norwegian oil industry.

“Through these awards, we see great opportunities for growth and value creation for Det norske. Our goal is to continue going forward to create value on the Norwegian shelf.”

Operatorships
Det norske has been awarded the operatorship for production licence (PL) 858 with a 40 per cent interest. Partners are Lukoil, Statoil and Petoro. Det norske has been awarded a 20 per cent participating interest in PL 857, operated by Statoil. In addition, the company has been awarded a 40 per cent participating interest in PL 852, where Centrica is the operator.

Awards and work programme
Map of awarded licenses

Read more about the licensing round awards.