Consultation regarding index adjustment of area fee rates
Illustration image.
13/06/2023
The Norwegian Petroleum Directorate submits for consultation a proposal to amend Regulation 27 June 1997 no. 653 to the Petroleum Act (pf.) 39 first paragraph.
The change involves adjusting the area-fee rates for production licences awarded pursuant to the 1972 Resolution and the Petroleum Act.
The basis for the adjustment is the Statistics Norway (SSB) consumer price index. The proposal is to adjust the rates in Section 39 (1) of the Petroleum Regulations by 18.02%, effective from 1 January 2024. The new rates are expected to increase:
First year: from NOK 38 000 per km2 per year to NOK 45 000 per km2 per year
Second year: from NOK 76 000 per km2 per year to NOK 90 000 per km2 per year
Third year: from NOK 153 000 per km2 per year to NOK 181 000 per km2 per year
Subsequent years: from NOK 153 000 per km2 per year to NOK 181 000 per km2 per year
01/10/2024
The Norwegian Offshore Directorate believes that new innovations within hydraulic fracturing should lead to the development of more discoveries in tight reservoirs. The Directorate is now challenging the industry to have a go at one of the largest puzzles of them all – the "Victoria" discovery in the Norwegian Sea.
25/09/2024
The map shows all fields, discoveries, licensed area and area opened for exploration on the Norwegian continental shelf (NCS) . It also provides an overview of all production licences.
23/09/2024
A Norwegian Offshore Directorate analysis of exploration activity over the last 20 years (2004-2023) shows that the discoveries are valued at three times the costs expended.
20/09/2024
The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 6406/6-7 S in production licence 1119, cf. Section 13 of the Resource Management Regulations.
