Neptune Energy has today been awarded 9 new licenses in mature areas on the Norwegian Continental Shelf by the Norwegian Ministry of Petroleum and Energy. 

Map source: Neptune Energy

The licences, 4 as operator and 5 as partner, are located in the greater Njord-Fenja area (Halten Terrrace), in the Gjøa-Cara area, near the Snorre Field in the Tampen Spur, and in the Central Graben.

The awards are: 

• PL636B Neptune Energy operator and 30% interest
• PL970 Neptune Energy 30% interest
• PL992 Neptune Energy operator and 40% interest
• PL993 Neptune Energy 30% interest
• PL994 Neptune Energy operator and 40% interest
• PL998 Neptune Energy 10% interest
• PL999 Neptune Energy 30% interest
• PL1000 Neptune Energy operator and 40% interest
• PL1002 Neptune Energy 40% interest

Odin Estensen, Managing Director of Neptune Energy Norge, said: 
“An important part of our strategy is to grow operatorship and acreage in or around our core areas. Through this licensing round, we have strengthened our position in the North Sea, which is an important area for us in Norway. Importantly, we have also strengthened our role as operator in this area – and are keen to explore the opportunities within these licences”.

The APA licensing round is held once a year in mature areas on the Norwegian Continental Shelf. Companies can apply for additional acreage where discoveries or mapped prospects extend continuously from the applicant's production licence into the area announced in APA 2018.

Link to KeyFacts Energy Neptune Energy Norway country profile