Norway’s Mature Offshore Oilfield Attracts Record Number Of Bidders

A total of 39 companies have applied for new acreage in Norway’s 2017 licensing round in the mature and best explored areas on the Norwegian Continental Shelf—a record high since the awards in predefined areas (APA) scheme was launch in 2003, Norway’s Petroleum and Energy Ministry said on Wednesday. The number of applications is nearly twice as many as in last year’s licensing round for the mature areas, and some 20 percent higher than the previous record-high of applications in 2014, the ministry said, in what could be…

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