January 14, 2020 / 12:11 PM / 7 days ago

Norway awards 69 oil and gas exploration blocks -NPD

SANDEFJORD, Norway, Jan 14 (Reuters) - The Norwegian government has awarded 28 oil and gas companies a total of 69 offshore blocks to explore for petroleum in mature areas of its continental shelf, the Norwegian Petroleum Directorate said on Tuesday.

While Norway's output is expected to rise sharply in the next several years as recent large discoveries come on stream, authorities are keen to extend the lifespan of the oil and gas industry for decades to come. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Gwladys Fouche)

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