Norway clears 7 new oil and gas firms for offshore development

Dec 21, 2004 01:00 AM

The Norwegian Petroleum Directorate said it had prequalified seven new oil and natural gas companies to act as operators or licensees on the Norwegian Continental Shelf.
High oil prices and opportunities to develop smaller fields oil majors have left untapped near existing infrastructure have attracted an influx of small to medium-sized oil and gas firms.

Although most of the major fields in the North and Norwegian Seas have already been discovered, the NPD said almost two-thirds of the country's oil and gas resources have yet to be exploited.
Centrica, Lundin Petroleum, Wintershall and Noble Energy were approved as operators. Sumitomo, Oranje Nassau and Endeavour were approved to own licenses.

Source: Dow Jones
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2019 »
November
MoTuWeThFrSaSu
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events