This system replaced the annual north sea awards the

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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.

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