Unformatted text preview: NOK 101.9 billion.
There are two systems for awarding licenses on the Norwegian
continental shelf today. In 2003, the government introduced the annual
system of Awards in Predefined Areas (APA) in mature parts of the
Norwegian continental shelf. This system replaced the annual North Sea
Awards. The APA system ensures that very large areas close to existing
and planned infrastructure are available to the industry. The APA area will
be expanded as new areas mature, but the area is not to be reduced. In
addition to the APA-system, there is a system of ordinary concession
rounds held normally every two years. These rounds focus on frontier
areas on the shelf, where the potential for petroleum is less explored and
where fewer infrastructures are built.
At the end of 2006, 52 fields were in production on the Norwegian
continental shelf. In 2006, these fields produced 2.8 million barrels of oil
(including Liquefied Natural Gas [LNG] and condensate) per day and 88
billion standard cubic metres of gas.
The Ministry of Petroleum and Energy...
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This document was uploaded on 03/30/2014.
- Summer '14