– The APA system is a predictable and important process for organization, activity level and portfolio building for the company. At the same time we experience that it gets more difficult every year to come up with quality prospects, after more than 10 years of recycling of acreage in mature areas. Faster expansion of the APA areas is therefore of great importance, says Exploration Manager Per-Gustav Granholm in Tullow Oil.
– It is fundamental that exploration focused companies can work up and mature ideas to drillable prospects. This also contributes to a good transaction market where companies with strengths in development, production and secured funding can farm into licenses before or after drilling in the APA licenses, he continuous.
Take part in the discussion about expansion of APA acreage in the forthcoming Hydrocarbon Habitat half-day seminar in Oslo December 3