Wintershall wins six Norwegian North Sea licenses

Wintershall will operate another five licenses in the Norwegian North Sea under Norway's 2008 licensing round awards in predefined areas (APA).

Jan 20th, 2009

Uchenna Izundu
International Editor

LONDON, Jan. 20 -- Wintershall will operate another five licenses in the Norwegian North Sea under Norway's 2008 licensing round awards in predefined areas (APA).

The APA licensing rounds focus on mature areas of the Norwegian continental shelf. The government is keen to encourage development of smaller discoveries, which can be tied in to existing infrastructure.

Norway's energy ministry awarded 34 production licenses to 40 companies under the APA licensing round. It gave 21 licenses in the Norwegian North Sea, 11 licenses for the Norwegian Sea, and two for the Barents Sea off the coast of northern Norway.

Of the licenses awarded, Wintershall's latest acquisition, Revus Energy ASA, received three, and Wintershall was awarded three, bringing its total award to six.

"The company is now one of the largest license holders on the Norwegian continental shelf and operates a total of 21 licenses," said Harald Vabo, general manager of Wintershall Norge ASA. "We already plan to start with seismic activities on the new acreage in the next few months."

Contact Uchenna Izundu at uchennai@pennwell.com.

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