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Norwegian auction results in record 83 production licenses to 33 companies

A total of 33 companies were granted licenses in the Norwegian Ministry of Petroleum and Energy's Award in Pre-Defined Areas 2018, or APA 2018, according to a Jan. 15 news release.

A record-high 83 licenses were granted, including 37 in the North Sea, 32 in the Norwegian Sea and 14 in the Barents Sea. Of the 33 companies granted production licenses, 21 locked in operatorship licenses.

Equinor bagged the most licenses with 29 subdivided into seven in the North Sea, 16 in the Norwegian Sea and six in the Barents Sea. In addition, 13 of the licenses were for operatorship.

Aker BP ASA won 21 licenses with 12 in the North Sea, three in the Norwegian Sea and six in the Barents Sea. Eleven were for operatorship.

DNO ASA added 18 licenses with nine in the North Sea, two in the Norwegian Sea and seven in the Barents Sea. Five of the licenses were for operatorship.

Lundin Petroleum AB brought home 15 licenses with eight in the North Sea, two in the Norwegian Sea and five in the Barents Sea. Nine of the licenses will be operated by Lundin Norway.

Other participants included Spain's Repsol SA, Texas-based ConocoPhillips, French oil major Total SA and Japan's Inpex Corp.