This development follows BlueNord's initial expression of interest in the licensing round by submitting a license application related to the Elly-Luke gas discovery.

This drilling operation will employ one of Transocean's semi-submersible rigs.

This plant serves the Ormen Lange field and is connected to the Polarled pipeline in the Norwegian Sea.

This discovery was found within a Jurassic reservoir zone characterized by high-quality sandstones.

The SV party is urging the government to withdraw its proposal and impose at least a ten-year moratorium on the activity.

This coexistence is considered feasible and valuable for both oil and gas and renewables in Norwegian waters, despite the challenges involved.

The contract is expected to have a duration of approximately three months, with a planned start date in mid-Q4 2023, subject to customary permitting and prefunding approvals.

Norway's Prime Minister made the announcement during a joint town hall meeting of the PSA and the Norwegian Petroleum Directorate, which is also expected to undergo a name change at the start of next year.

The Yggdrasil area contains multiple discoveries and holds an estimated 650 million barrels of oil equivalent, while the Valhall extension project targets approximately 137 MMboe, as per project descriptions on Aker BP's website.

The combined value of these contracts stands at approximately USD 369 million for their respective firm periods.