Oil giants fight for licenses off Norway
OSLO (AFP) - A total of 44 energy groups, including Norway's StatoilHydro, Anglo-Dutch company Shell and ExxonMobil of the United States are fighting for oil and gas production licenses on the Norwegian continental shelf.
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The companies had been invited to submit applications for predefined, mature areas where smaller discoveries are still possible and exploitable from existing installations.
The awarding of the licenses will be announced in late 2009 or early 2010, the petroleum and energy ministry said Wednesday.
Norway is the world's fifth-biggest exporter of oil and third-biggest natural gas exporter.
The new concession round marked the return of British oil group BP, which had not participated in recent years, and the absence of French company Total.
Among the other groups taking part were Germany's RWE Dea and EON Ruhrgas, France's GDF-Suez, Eni of Italy and Americans ConocoPhillips and Chevron.
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Last Updated (Wednesday, 16 September 2009 13:03)
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