Licensing Awards in the NCS
10 September 2018

In February 2018 the authorities awarded licences from the APA 2017 Round. A total of 44 were awarded in the North Sea of which 15 were additions to previous licences. Of the remaining 29 only 3 have firm well commitments, PL 916 operated by Aker BP covering blocks 16/2 and 25/11, PL 921 operated by Statoil covering blocks 32/4 and 7 and PL 925 operated by Wellesley covering blocks 35/9 and 12. This article assesses the prospects in the new PLs but not the additions to previous PLs.