Ministry of Petroleum and Energy Approves High Norwegian Gas Production

Source: www.gulfoilandgas.com 3/16/2022, Location: Europe

The Ministry of Petroleum and Energy has approved applications for revised production permits for the Oseberg, Troll and Heidrun fields.

'The fields on the Norwegian Continental Shelf produce nearly at nearly maximum capacity. The companies are continuously assessing opportunities for future profitable gas production from their portfolio of assets. The Government may contribute by facilitating efforts by the companies to maintain the current high level of production. With the approvals regarding Oseberg, Troll and Heidrun we are doing just that,' says Minister of Petroleum and Energy, Mr. Terje Aasland.

The approved applications for the Oseberg, Troll and Heidrun fields will not increase the daily total Norwegian gas production significantly, but will contribute towards maintaining today’s high export volumes of Norwegian gas.

Norway supplies 20-25 percent of the gas consumption in the EU and UK. Norwegian gas is delivered to Europe through an extensive network of subsea pipelines. The exception is the LNG plant at Hammerfest in Northern Norway. When production is resumed (1), this plant will add some additional gas into the global marketplace. Gas is sold in a global market, where Norwegian production accounts for two to three per cent. In the near future, increased import of LNG to Europe will be crucial.

The oil and gas companies operating in Norway are responsible for selling the gas they produce in the gas market on a commercial basis. This is not a government responsibility.

Further questions related to any implications of the approvals for specific fields should be directed to the field operator.

(1) The Hammerfest LNG plant is currently out of operation after a fire in 2020. The operator has recently announced that they expect to resume LNG-production and exports from the LNG plant mid-May 2022.


Norway >>  7/6/2022 - A number of fields on the Norwegian Continental Shelf now have revised production licences authorised by the Ministry of Petroleum and Energy (NCS). I...
Australia >>  7/4/2022 - Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at...

United Kingdom >>  7/4/2022 - IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, has released an updated Investor Presentation incorporating ...
Kuwait >>  6/30/2022 - Dr. Muhammad Abdul Latif Al-Fares, His Excellency the Deputy Prime Minister, Minister of Oil, and Minister of State for Council Affairs, led the State...

Kuwait >>  6/30/2022 - Today, Thursday, the members of the (OPEC +) coalition decided to increase output by 648,000 barrels per day in August. Following the 30th ministerial...
Norway >>  6/30/2022 - The authorities have granted consent to start production from the Nova field in the North Sea. Nova will be developed with two seabed templates, one f...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.