Norway Grants 62 Oil, Gas Production Permits in Mature Areas
A natural gas platform in the North Sea, Norway.
Photographer: Krister Soerboe/BloombergThis article is for subscribers only.
Norway awarded 62 licenses for exploration acreage in the seas off its coast as Europe’s biggest supplier of natural gas strives to maintain production.
Licenses were offered to 24 different companies, with 16 firms presented with operatorships for the permits, the Energy Ministry said in a statement on Tuesday. 29 permits are located in the North Sea, 25 in the Norwegian Sea, and 8 in the Barents.