Norwegian petroleum licensing rounds

E129506

Norwegian petroleum licensing rounds are the formal processes through which Norway awards exploration and production rights for oil and gas on its continental shelf.

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Label Occurrences
Norwegian petroleum licensing rounds canonical 1

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Statements (49)

Predicate Object
instanceOf hydrocarbon exploration licensing round
petroleum licensing system
abbreviation APA
administeredBy Ministry of Petroleum and Energy (Norway)
surface form: Norwegian Ministry of Petroleum and Energy
APACharacteristics covers mature areas with predefined blocks
APAIntroduced 2003
appliesTo Norwegian continental shelf
associatedWith Norwegian state participation through Petoro
state direct financial interest
country Norway
firstLicensingRound 1965 Norwegian licensing round
focusesOn Barents Sea
North Sea
Norwegian Sea
offshore areas
frequency regularly recurring
governedBy Norwegian petroleum policy
impact development of Norwegian petroleum sector
offshore infrastructure development
state revenues from petroleum
implementedBy Norwegian Petroleum Directorate
includes Awards in Predefined Areas
numbered licensing rounds
involves public consultation
strategic environmental assessment
legalBasis Norwegian Petroleum Act
Norwegian Petroleum Regulations
licenseType exploration license
production license
numberedRoundsCharacteristics covers frontier and less explored areas
objective ensure high HSE standards
maximize value creation from petroleum resources
protect the environment
resource management in the public interest
participants Norwegian oil companies
international oil companies
purpose award exploration rights for petroleum
award production rights for petroleum
regulates gas exploration
gas production
oil exploration
oil production
requires work program commitments
resultsIn production licenses
selectionCriteria HSE performance of companies
exploration strategy
financial strength of companies
technical competence of companies
startDate 1965

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Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Petroleum and Energy (Norway) oversees Norwegian petroleum licensing rounds