Centrica Energy Norway has secured a 50% operating share in block 719 of the Scarecrow licence in Barents Sea, as part of the Norwegian government’s 22nd round on the Norwegian Continental Shelf (NCS).
The company will operate the Scarecrow licence in partnership with Lukoil and North Energy, holding 30% and 20%, respectively.
The 719 block will help Centrica to further expand its business in Norway by beginning a new venture for the Norwegian upstream business.
Centrica Energy Norway regional director Dag Omre said the licence represents an important step forward in the company’s plans of continuing to grow the business.
"We are already one of the fastest new entrants in Norway, and look forward to becoming a strong player on the Norwegian Continental Shelf," Omre added.
The Norwegian government has decided to award 20 production licenses in the Barents Sea and four in the Norwegian Sea, as part of the 22nd round.
Under the latest round, participating interests will be offered to 29 firms, while operatorship will be offered to 14 firms.