Equinor Company has announced that it is awarded 17 new production licenses by the Ministry of Petroleum and Energy (MPE) of Norway during the 2020 Award in Predefined Areas (APA), ten of which as operator and seven licenses as partner, a press release reported.

According to the press release, the company has been awarded eight production licenses in the North Sea and nine ones in the Norwegian Sea.

“We are pleased about the awards that will be an important supplement to our exploration portfolio and form the basis for future discoveries to be realized in line with Equinor’s climate roadmap,” says Nick Ashton, Equinor’s Senior Vice President for Exploration Norway.

The MPE announced that these resources have high profitability and can create considerable value for society and they, also, can be produced with a low carbon footprint.