DEA has bagged rights for two new licenses in the Barents Sea from the Norwegian Ministry of Petroleum and Energy during the 24th licensing round.


Image: DEA licences in the Barents Sea. Photo: courtesy of DEA Deutsche Erdoel AG.

DEA is awarded the two production licences (PL) applied for: 20% in PL 960 (Equinor operator) and 15% in PL 964 (Aker BP operator).

DEA Norway exploration manager Svend Erik Pettersson said: “We got what we applied for and are on track with the strategy to strengthen our portfolio in the Barents Sea. Both licences are in promising geological provinces, and I’m looking forward to sit down with our partners and plan the next steps.”

DEA Deutsche Erdoel exploration senior vice president Manfred Boeckmann said: “Norway plays a key role in DEA’s global activities and we see large exploration potential, in particular in the Barents Sea.

“These awards are a perfect fit to our existing licence portfolio and support DEA’s long-term commitment to further growth on the Norwegian Continental Shelf. It proves once again the authorities’ continued confidence in DEA’s competencies”, Boeckmann adds.

In all, 12 production licences were offered to 11 companies in the 24th licensing round, thereof three licences in the Norwegian Sea, and nine in the Barents Sea.

The 24th licensing round was announced 21 June last year. The Ministry of Petroleum and Energy announced 102 blocks/parts of blocks, of which 9 were in the Norwegian Sea and 93 in the Barents Sea.

Nearly half of this acreage is now included in the offers issued this week; all 9 blocks in the Norwegian Sea and 38 blocks in the Barents Sea.

Source: Company Press Release