Government instruments

15.12.2010
Illustration: Øystein Nag

Illustration: Øystein Nag

 

Gassled

A joint venture which serves as the formal owner of infrastructure for Norwegian gas transport, Gassled brings together the oil and gas companies on the NCS. It has no employees, and is organised through various committees with specific assignments.

 

Gassco AS

This state-owned company is responsible for gas transport from the NCS and serves as the operator for Gassled (see below). Gassco is not a member of Gassled, but discharges its operatorship in a neutral and efficient manner with regard to both the owner consortium and pipeline users.

 

Gassnova SF

This company is responsible for managing the government’s interests in carbon handling. Since 1 January 2008, it has been the executive arm for construction and operation of plants and infrastructure related to planned carbon capture and storage (CCS) solutions at Kårstø and Mongstad.

 

Petoro AS

This state-owned company manages the State’s Direct Financial Interest (SDFI) in the petroleum industry.

 

Ministry of Petroleum and Energy (MPE)

The ministry bears overall responsibility for managing petroleum resources on the NCS. It is charged with ensuring that the industry’s activities are conducted in accordance with guidelines set by the Storting (parliament) and government. It also has a special duty to supervise Petoro and Gassco, and the partly state-owned Statoil company.

 

Norwegian Petroleum Directorate (NPD)

This regulator is administratively subordinate to the MPE (see above), and plays a key role in petroleum management as well as serving as an important advisory body for the MPE. The NPD regulates exploration for and production of petroleum deposits on the NCS. That includes the authority to issue regulations and take decisions pursuant to these rules for petroleum operations.

 

Petroleum Safety Authority Norway (PSA)

This regulator is responsible for technical and operational safety – including emergency preparedness – and the working environment on the NCS. Its authority covers all phases of the industry, including planning, design, construction, operation and ultimate decommissioning. As applied by the PSA, the safety concept covers a wide range and embraces preventing of harm to human life, health and wellbeing, the natural environment and material assets.

 

Statoil ASA

This international oil and gas company has a presence in 41 countries, and is listed on the Oslo and New York stock exchanges. The Norwegian state owned 67 per cent of the shares in Statoil at 31 December 2009.