1 May 2003
A disappointing licensing round
THE AUTHORITIES were able to award only 15 blocks or part-blocks under the North Sea Awards 2002 round, out of 109 on offer. The round not numbered as a full licensing round was intended to boost exploration in the mature areas of the Norwegian shelf, near the borders with UK and Danish waters. The ministry of petroleum and energy wants the area's smaller fields to be developed through existing infrastructure, thereby extending its operating life - but companies are evidently cool on the economic attractions. However, the authorities were able to take comfort in the interest shown by a number of small companies - including Pertra (a subsidiary of seismic company PGS), the UK's Paladin, Germa
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