licensing round
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Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023. -
Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
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A total of 20 new exploration blocks are on offer within the Israeli Economic Zone. -
Equinor will participate in 25 exploration wells on the NCS this year.
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The four blocks on offer could contain around 4 billion bbl of oil.
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The awards are part of the third and fifth bidding rounds launched last year.
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The government is targeting a “fairer share” of the revenues from oil and gas developments.
