Orlen Group companies with new concessions on the Norwegian shelf

The Orlen Group companies have acquired four new exploration and production licences on the Norwegian Continental Shelf. The Norwegian government has awarded three new licences in which PGNiG Upstream Norway has a stake and one in which Lotos Norge has a stake.

The Norwegian government has awarded the concessions for the annual concession round – APA (Awards in Predefined Areas) 2022. As announced by the Norwegian Petroleum Directorate on Tuesday, this year’s round saw 26 companies’ concession applications being assessed and 47 concessions awarded, with a total of 25 companies having an interest in them. Twenty-nine of these concessions are in the North Sea, 16 in the Norwegian Sea and two in the Barents Sea. Twenty of the awarded concessions are extensions to existing production ones.

– A key factor for further value creation on the Shelf will be utilising available capacity in the existing oil and gas infrastructure. It is important that companies continue to look for resources close to this infrastructure,” emphasised Kalmar Ildstad, the Director of Licence Management Directorate.

Orlen Group-owned PGNiG Upstream Norway has acquired a 20 per cent stake in licence PL1190 in the Norwegian Sea. Other shareholders include Harbour Energy, the operator of this licence, with 50 per cent, and Lime Petroleum, with 30 per cent. Also in the Norwegian Sea is licence PL1193, in which PGNIG Upstream Norway won 20 per cent. Eighty per cent went to Aker BP, which is the operator.

In the North Sea lies licence PL1172, in which PGNiG Upstream Norway and DNO Norge each have a 30 per cent interest. Aker is the operator with a 40 per cent interest in this licence.

Also in the North Sea is licence PL1175, in which Lotos Exploration and Production Norge have a 20 per cent stake. DNO Norge has 30 per cent in it, and Aker BP is the operator with a 50 per cent stake.

source: PortalMorski.pl

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