Wintershall awarded new acreage in Norway's 24th licensing round

6/19/2018

STAVANGER -- Wintershall Norge AS has announced that the company has been awarded new acreage in the 24th licensing round on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Petroleum and Energy yesterday announced the award of 12 licenses to 11 companies. Three licenses were offered in the Norwegian Sea and nine in the Barents Sea.

“We are very pleased to be acknowledged as a partner in the license we have had as our main priority in this round. The area is among the most interesting parts of the shelf and is of considerable interest to us,” says Guy Oakes, exploration manager at Wintershall Norge. Wintershall has been awarded a 20% share in license PL 964, where Aker BP will be the operator (40%) and the other partners are DEA (15%) and Petoro (25%). The license is located close to the prospect Gråspett in license 721, where Wintershall is also a partner, and which is planned to be drilled later this year.

Promising area

According to analyses by the Norwegian Petroleum Directorate (NPD) the Barents Sea holds the largest undiscovered resource potential on the Norwegian Continental Shelf. “The Barents is large and still has many unexplored areas. Wintershall sees great potential and we are hopeful that we will see larger discoveries in this area soon,” says Oakes. The 24th license round was announced on June 21, 2017 and encompassed 102 blocks. Out of these, all nine blocks in the Norwegian Sea and 38 blocks in the Barents Sea were awarded.

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