![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Stavanger, Norway (UPI) Sep 21, 2016
Though slightly less than when compared with last year, the Norwegian government said it's still seeing interest in aging oil and gas deposits off its coast. The Norwegian Petroleum Directorate said it received applications from 33 companies for the rights to work in about 54,000 square miles of area off the nation's coast. "It is very positive that so many companies still believe that more oil and gas can be discovered on the most mature parts of the shelf," Sissel Eriksen, an exploration director at the NPD, said in a statement. Last year, 43 companies submitted applications to work in about 49,250 square miles offshore. Awards were issued to 36 companies last year. While companies are interested in all of the options in Norwegian waters, the government said most have gravitated toward areas in the North and Norwegian Seas. Norwegian energy company Statoil in late August said it would extend its reach into the Barents Sea next year in an effort to replenish its exploration portfolio. The company already has a rig on contract suitable for operations in northern waters and said it's slated to drill up to seven wells in the region in 2017. About half of the 18 billion barrels of oil equivalent yet to be discovered in Norwegian waters are in the Barents Sea. The NPD preliminary production figures hydrocarbons for August show a 9.5 percent decline from the previous month. The government office said the decline was not as low as expected considering at least one field in Norwegian waters was closed for maintenance. Preliminary production figures for July showed oil, natural gas liquid and condensate were on the rise because fields in production were contributing more to the overall volumes than initially expected. Norway is a main oil and gas supplier to the European economy.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |