The Norwegian Petroleum Directorate has prepared a revised guideline for Section 30a of the Petroleum Regulations relating to commencement and continuation.
The purpose of the changes is to simplify and clarify the use of the consent provision. The revised guideline can be found at npd.no and is effective from today’s date.
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Record-high revenues from the Norwegian shelf
The combination of high production of oil and gas from a total of 94 fields, significant demand and high commodity prices led to a historically high level on the State's revenues from petroleum. Much of this is due to record-high gas prices.
Production figures November 2021
Preliminary production figures for November 2021 show an average daily production of 1 999 000 barrels of oil, NGL and condensate.
Five companies want to store CO2
The Ministry of Petroleum and Energy has received applications from five companies in connection with the announcement of two areas associated with injection and storage of CO2 on the Norwegian continental shelf.
Geobank will remain closed
Due to increasing infection levels, Geobank will close starting from 15 December. This will initially apply until the end of the year.