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Norway Awards 47 Exploration Licenses


Norway has awarded 47 new offshore oil and gas exploration permits to 25 firms in its latest mature areas licensing round according to the energy ministry.

  • 29 are in the North Sea, 16 in the Norwegian Sea and two in the Arctic Barents Sea.
  • Equinor was the single biggest recipient with stakes in 26 of the licenses.
  • Norway has emerged as Europe’s top gas supplier after Russian flows dwindled last year while it’s oil is also regarded as key for the regions energy security.

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