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Norway 2021 licensing round attracts bids from 31 oil firms

A total of 31 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country’s energy ministry said on Tuesday.

Companies seeking new exploration acreage include Equinor, Aker BP, ConocoPhillips and Lundin Energy among others, the ministry added.

Climate change and the future of Norway’s oil industry were major topics of debate in the country’s election for parliament, which culminated on Monday in a decisive victory for the centre-left opposition over the incumbent Conservative-led government.

But while several smaller political parties are calling for a halt to exploration, the main opposition Labour Party has said that any transition away from oil will be a gradual one and that drilling will continue.

Labour is expected to lead the next government, likely taking office in mid-October, and would thus be responsible for making the eventual awards of acreage, which is expected to take place early next year.
Source: Reuters (Reporting by Nerijus Adomaitis and Terje Solsvik, editing by Gwladys Fouche)

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