"We see the withdrawal of the majors from the continental shelf rather as a chance than a threat, so we see this opens up opportunities for us to grow inorganically," Hans-Hermann Andreae said
A sign of majors retreating came when Shell withdrew its application for acreage in Norway's 23rd licensing round in the Barents Sea earlier this year. Other majors such as ExxonMobil, Eni and Total did not apply.
DEA,
