OREANDA-NEWS. E.ON E&P has been awarded 12 new licences, including three operatorships, in the 2014 Awards in Predefined Areas (APA) in Norway.

“This is the highest number of awards to E.ON E&P to date and we are very satisfied with being awarded these licences. The award shows that the authorities recognise E.ON E&P’s competence and effort in delivering strong applications,” says Frank Sivertsen, CEO, E.ON E&P.

The awarded licences are located in all regions on the Norwegian Continental Shelf (the Barents Sea, the Norwegian Sea and the North Sea), including prospective blocks not previously included in the APA. “This is the eleventh consecutive year of E.ON being awarded acreage, and shows our commitment to building up a strong and balanced portfolio in Norway. The awarded blocks provide access to important prospective acreage, which is a key element in delivering on the company’s long-term exploration strategy, and demonstrates E.ON’s commitment to the Norwegian Continental Shelf,” says Haakon Haaland, Executive Vice President Business Development and Exploration, E.ON E&P.

E.ON E&P has developed new exploration models which will be pursued in older basins where innovation is key to success.

E.ON E&P was awarded:
Seven licences in the North Sea, two as operator.

Three licences in the Norwegian Sea.

Two licences in the Barents Sea, two as operator.

Note to editors

E.ON E&P

E.ON Exploration and Production (E.ON E&P) is a global unit in the E.ON Group and responsible for E.ON’s worldwide oil and gas exploration and production activities. E.ON E&P has activities in Norway, the UK, Russia and Algeria. The company is involved in acquiring licences, acting as operator in the development of assets and purchasing stakes in strategically important oil and gas fields. Over the last eleven years we have experienced significant growth and we continue to search for strong development opportunities.

APA rounds

There are two systems for awarding licences on the Norwegian continental shelf:

  • The annual system of Awards in Predefined Areas (APA) in mature parts of the Norwegian continental shelf (NCS).
  • A system of ordinary concession rounds held normally every second year. These rounds focus on frontier areas on the shelf where the potential for petroleum is less explored and where fewer infrastructures are built.