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News

Results of the First Licensing Round 2009 for the northern Dreki area

18.5.2009

The closing date for the First Licensing Round for the northern Dreki area was 15 May 2009. The National Energy Authority (NEA) of Iceland received two applications by the closing date.

The applications were from:

  • Aker Exploration
  • Sagex Petroleum and Lindir Exploration

Taken together, the applications are for blocks, complete or partial:

  • IS6708/1
  • IS6708/2
  • IS6808/11
  • IS6909/11

Blocks IS6808/11 and IS6909/11 are within the area of the agreement of 22 October 1981 between Norway and Iceland on the continental shelf between Iceland and Jan Mayen.

During the Licensing Round the difficult conditions in the world economy as well as the low oil prices have undoubtebly affected other parties that were interested in the Licensing Round.

The applications that the NEA received will be evaluated according to the criteria published in the documents for the Licensing Round and the decision on the issuing of licenses is planned to be finalized by the end of October, 2009.