Hourly rate for supervision increased
Pursuant to a decision from the Ministry of Petroleum and Energy, the rate for regulatory supervision of resource management has increased from NOK 850 to NOK 1 150 from and including 1 September 2018.
The Norwegian Petroleum Directorate will apply the higher hourly rate for all supervision activity conducted from and including 1 January 2019.
This means that the new adjusted rate will appear on invoices for the first quarter of 2019, which are being sent out now in April.
Contact us if you have questions regarding the adjusted rates.
Official decision letter from the Ministry of Petroleum and Energy (pdf)
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Production figures December 2022
Preliminary production figures for December 2022 show an average daily production of 1 983 000 barrels of oil, NGL and condensate.
Changes in the regulations
The Resource Management Regulations and Regulations relating to documentation in connection with storing CO2 on the shelf have been changed.
Six companies have applied for CO2 storage acreage
The Norwegian Ministry of Petroleum and Energy (MPE) has received applications from six companies in connection with the announcement of an area in the North Sea for potential storage of CO2 on the Norwegian shelf.
Investments for the future on the Shelf
Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only rarely have we seen such significant investment decisions.