Published on 21 Jan 2022 on Zacks via Yahoo Finance
Equinor (EQNR) Grabs Oil & Gas Production Licenses in Norway
Equinor ASA EQNR has been awarded 26 production licenses by the Norwegian Ministry of Petroleum and Energy in the Awards in Predefined Areas 2021.
Norway awarded ownership interests in 53 oil and gas production licenses on the Norwegian Continental Shelf, with 84 blocks on sale. Of the total, 28 production licenses are within the North Sea, 20 are in the Norwegian Sea and the rest are in the Barents Sea.
Norway offered interests in one or more production licenses to 28 energy companies, from large international majors to small domestic exploration firms. Notably, 15 firms have been offered one or more operatorship.