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Record interest in Norway's 22nd Licensing Round
 Norway's Ministry of Petroleum and Energy has seen a record level of interest in the latest 22nd Licensing Round covering the Barents Sea where a total of 228 blocks were nominated for inclusion.
“In this round of nominations, particular interest has been shown in our northernmost sea areas, confirming that the Barents Sea is an exciting and internationally attractive petroleum province,.” declared energy minister Ola Borten Moe after the nominations for blocks closed.
A total of 228 blocks have been nominated by 37 exploration companies for inclusion in the round, including 181 in the Barents Sea. The results of the Round won't be known until next spring: The MPE plans to formally announce the opening of the round this summer, with blocks being awarded early next year.
Exploration companies have been encouraged to limited their block nominations to 15 each in total, explaining why they believe particular areas should be included. A total of 37 companies have nominated blocks, indicating strong interest in Norwegian exploration opportunities in the forthcoming round.
Out of the 228 blocks nominated in total, 107 of them were nominated by two companies or more, further underlining the strong level of interest in the round.
“This represents major opportunities for the entire region,” Borten Moe said. “Exploration in all of the areas which have been opened up is also very important for ensuring further activity, employment and ripple effects throughout Norway.”
In the 21st round, 43 companies nominated blocks, and 46 companies nominated blocks in the 20th round. Previously 19 companies selected blocks in the 19th round, and 14 companies in the 18th, and 16 companies in the 17th round.
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