Ministry of Petroleum and Energy Approved Adjusted Production Permits for NCS Fields

Source: www.gulfoilandgas.com 7/6/2022, Location: Europe

A number of fields on the Norwegian Continental Shelf now have revised production licences authorised by the Ministry of Petroleum and Energy (NCS). In 2022, it is anticipated that 122 billion standard cubic metres (Sm3) of gas will have been sold from NCS.

The most important thing Norway can do in today's demanding energy situation for Europe and the world, is to facilitate for the companies operating on the Norwegian shelf to maintain their high production. The companies are continuously assessing opportunities to deliver more oil and gas. The adjustments we have made support this and will contribute to the record high gas sales we expect this year, says Minister of Petroleum and Energy, Terje Aasland (Labour Party).

Based on applications from the licensees, adjusted production permits have been approved for the Troll, Gina Krog, Duva, Oseberg, Åsgard and Mikkel fields. The permits include volumes expected to be produced partly in 2022 and partly in 2023. The Ministry has also granted a production permit for the Nova field, where first oil is expected soon.

These volumes have already been taken into account in the current estimate for Norwegian gas sales in 2022. Hence, the decisions do not increase the expected gas sales this year, but support the potential record high export volumes through the pipeline system in 2022.

Field-specific questions about the adjusted production permits must be directed to the respective companies.


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