The Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea in the 23rd licensing round.

DEA has been awarded a 30% share in the PL609C and PL851 licences in partnership with Lundin Norway and Idemitsu Petroleum Norge.

DEA Norge exploration manager Svend Erik Pettersson said: "These two licences are close to the Alta discovery and give us the opportunity to further explore in a prospective area."

"The licences contribute to our goal, to further optimise and develop DEA’s portfolio on the Norwegian Continental Shelf."

DEA Norge managing director Hans-Hermann Andreae said: "DEA has long-term ambitions in Norway.

"The licences contribute to our goal, to further optimise and develop DEA’s portfolio on the Norwegian Continental Shelf."

DEA currently has interests in 71 licences in Norway and recorded a daily production equating to more than 70,000 barrels of oil in 2015.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company is also participating in other promising discoveries and developments, including the Zidane discovery.

DEA has been operating on the Norwegian Continental Shelf for over four decades.