Norway Set to Award Arctic Drilling Permits in Q2

norway

Norway is proceeding with plans to award oil and gas exploration permits in frontier regions of the Arctic later this year, Oil and Energy Minister Tina Bru told parliament on Thursday.

“We expect to make awards during the second quarter,” Bru said.

The government in November said it would offer drilling permits in nine offshore regions containing 136 blocks, mostly in the Arctic Barents Sea, as it seeks to pave the way for a major expansion of exploration.

The deadline for applications is Feb. 23.

[reuters]

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