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Iceland’s first licensing round nets two bidders
06/08/2009
Iceland’s National Energy Authority (NEA), which recently launched the country’s first-ever licensing round, said it received bids from two companies for exploration rights to the northern Dreki area.“This is a big day in the history of Iceland’s energy resources utilization,” said Industry Minister Katrin Juliusdottir as quoted by the Icelandic daily Morgunbladid.NEA said it received applications from Aker Exploration as well as a combined bid from Sagex Petroleum and Lindir Exploration for Blocks IS6708/1, IS6708/2, IS6808/11, and IS6909/11.Blocks IS6808/11 and IS6909/11 are within the area of an Oct. 22, 1981, agreement between Norway and Iceland on the co...
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