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The Norwegian Oil Giant Equinor Received Five Offshore Licenses in the United Kingdom as Part of the 31st Offshore Licensing Round from the Oil and Gas Authority.
The licenses are located in the Moray Firth and East Shetland platforms, expanding Equinor’s current position in these areas of the North Sea. Equinor also received an extension for the Frigg license in the northern North Sea, supporting the Frigg redevelopment project. The license grants include commitments for seismic surveys in various areas of the East Shetland platform and Moray Firth.
Out of the five licenses granted to Equinor, the Norwegian oil company secured four as an operator and one as a partner. Overall, the OGA awarded 37 licenses across more than 141 blocks or partial blocks to 30 companies in the 31st Offshore Licensing Round.
“These awards in this frontier licensing round are important for continuing our high level of exploratory activity on the UK Continental Shelf (UKCS), in support of our ambition to be a leading energy supplier to the UK,” says Nick Ashton, Senior Vice President for Exploration in Norway and the UK.
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“The UK Offshore Licensing rounds allow us to add new opportunities to our exploration portfolio in a prolific basin, in line with our strategy to unlock remaining potential in less explored and more mature areas. We believe in continuously creating value in the UKCS through new discoveries and we look forward to our fifth exploration well in 2019, Lifjellet, to be drilled later this year,” says Ashton.
Equinor described itself as one of the most active explorers in the UK. Last year, in May 2018, Equinor received nine new licenses in the 30th Offshore Licensing Round, eight as an operator.
In other Equinor-related news in the UK, the company announced on Tuesday a new timeline for a final investment decision for the development of its Rosebank field. The FID is now expected by May 2022.
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