“The APA rounds are important for Equinor to maintain exploration activity and replenish our portfolio on the Norwegian Continental Shelf (NCS). We are pleased with this significant addition of opportunities to our exploration portfolio,” Nick Ashton, Senior Vice President for Exploration in Norway and the UK, said.
In the APA 2018 awards, announced by the Ministry of Petroleum and Energy today, Equinor is awarded seven licenses in the North Sea, 16 in the Norwegian Sea and six in the Barents Sea.
“Equinor is committed to a high exploration activity on all parts of the NCS. These awards fit with our strategy to maximize value creation through existing infrastructure and test new ideas that could create growth options. In line with our NCS roadmap, we have an increased focus on gas opportunities and that has also been reflected in our application and today’s awards,” Mr Ashton said.
The high number of new licenses is on level with the last years’ APA awards for Equinor.