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In October 1962, Phillips Petroleum sent an application to the Norwegian authorities requesting permission for exploration activities in the North Sea. The company asked for a licence for the parts of the North Sea that were in Norwegian territorial waters and that were or might be designated as part of the Norwegian continental shelf, and offered USD 160 000 per month. This was regarded as an attempt by the company to obtain exclusive rights. The authorities decided that it was out of the question to hand over the entire continental shelf to one company. If these areas were to be opened for exploration, more companies would need to be involved.
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