Equinor awarded 39 new production licences on the Norwegian continental shelf
(UTC)
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(Photo: Lone Stormoen / Equinor)
Equinor was awarded 39 new production licences by the Ministry of Energy in this year's Awards in Predefined Areas (APA).
About Equinor and exploration on the Norwegian continental shelf
- Equinor is the operator of, or participating in 20-30 exploration wells on the NCS.
- Around 80 percent will be near existing infrastructure and in known geology.
- Around 20 percent are new ideas that are being developed based on continuous development of our knowledge of the geology offshore.
- Existing fields are being depleted and produce less oil and gas over time. In order to meet our customers’ demands, we still need to look for new energy sources.
- Even as we are moving towards a net-zero future, the world still needs predictable, reliable, and stable energy supplies. Exploration is key in this regard.
- With three gas processing plants, one oil refinery, two oil terminals, an LNG plant, and a pipeline network of nearly 9000 km. the Norwegian oil and gas infrastructure is strategically positioned for energy deliveries to our most important markets in Europe and the UK.