The authorities want to speed up exploration
16/11/2006 The rules relating to area fees will be changed as of 1 January. The purpose is to ensure activity in production licences on the Norwegian continental shelf which today lie "fallow".
The changes in the petroleum regulations relating to area fees will take effect on 1 January 2007. The purpose of these amendments is to encourage the licensees to initiate activity in licences which today are on hold, or to relinquish them to the state in order to give other lisensees a chance.
The area fee shall be an instrument to ensure that allocated areas are explored in an efficient manner, enabling production to start as quickly as possible. This, in turn, will contribute towards extending the lifetime of existing fields. According to the new provisions, the main rule is that no area fee will be paid for areas with ongoing exploration and production, while areas without activity will pay a higher fee than today.
Contact in the NPD:
Eldbjørg Vaage Melberg, tel. + 47 51 87 61 00.