GDF SUEZ Gets More Norwegian Licenses

The Norwegian Ministry of Petroleum and Energy awarded shares in four exploration licenses to GDF SUEZ, within the “Awards in Predefined Areas (APA) round” 2012. A total of 40 companies were awarded 51 new licenses.

Two of the licenses awarded to GDF SUEZ are in the North Sea and two in the Norwegian Sea.

The Norwegian Ministry says there are also sites in the Barents Sea being offered in the current licenses. The sites offered are all mature areas on the Norwegian continental shelf.

The company says the awards demonstrate the long–term commitment in the Norwegian upstream sector, where it has been present since 2001. GDF SUEZ E&P Norge is the operator of the Gjøa oil and gas field since January 2011 and is a partner in producing Fram, Njord, Snøhvit, Vega South fields as well as the Gudrun and Hyme fields, currently under development.

Norway represented 39% of production and 42% of proven and probable reserves of GDF SUEZ at the end of 2011.