Consultation regarding index adjustment of area fee rates
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
08/05/2024
The Ministry of Energy announced APA 2024 on 8 May 2024, encompassing the predefined areas with blocks in the Norwegian Sea, Norwegian Sea and Barents Sea.
06/05/2024
The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for the wells 7324/6-2 and 7324/8-4 in production license 1170, cf. Section 13 of the Resource Management Regulations.
30/04/2024
The Norwegian Ministry of Energy has received applications from eight companies in connection with the announcement of two areas in the North Sea for potential storage of CO2 on the Norwegian shelf.
29/04/2024
In a letter of 29 April, the Norwegian Offshore Directorate invited players to nominate blocks in connection with the first licensing round for mineral activities on the seabed.
29/04/2024
The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wells 35/10-14 S and 35/10-14 A in production license 1185, cf. Section 13 of the Resource Management Regulations.
22/04/2024
Equinor has completed an appraisal well (7324/7-4) on the Wisting discovery in the Barents Sea. The objective was to acquire data on the reservoir and cap rock, for use in ongoing evaluation and development of the discovery.
17/04/2024
In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024.
17/04/2024
The Johan Castberg ship will soon be heading north. With the ship in place, the plan is to have three producing fields in the Barents Sea by the end of the year.
17/04/2024
Vår Energi has made an oil discovery in "Ringhorne Nord" (wells 25/8-23 S and 25/8-23 A & B), north of the Ringhorne Øst field, 200 kilometres northwest of Stavanger.