Looking for a specific product?

Make a search for products & suppliers, articles & news.

Area fees – Stipulation of new rates

Pursuant to Section 39 (5) of the Petroleum Regulations, the Norwegian Petroleum Directorate (NPD) has stipulated new area fee rates to apply as of 1 January 2014.

The area fee rates are in line with the proposal that has been submitted to all operators for consultation. At the end of the period stipulated pursuant to Section 3-9 (1) of the Petroleum Act, the new rates in Section 39 (1) of the Petroleum Regulations will be as follows:

  • First year: NOK 34 000 per km2
  • Second year: NOK 68 000 per km2
  • Subsequent years: NOK 137 000 per km2 per year.

When calculating the fee, the area must be rounded down to the nearest whole km2. Production licences that are stratigraphically divided must pay area fees for the seabed area covered by the production licence.

 

Related news

Latest news

Vestdavit agrees dive boat cooperation with Hukkelberg

Opportunities in the offshore market are resurfacing after a long dry spell,

PLAR-4000 plays role in NZ seamanship excellence

The relationship between Vestdavit and Australian-headquartered Antelope Engineering extends back to 2000,

To meet the special duties envisaged,

The PL-3600R davit is equipped with shock absorbers,

Olympic Commander keeps Vestdavit alongside for Med rescue mission

To meet the special duties envisaged,

New After Sales Director on-board

Henric will take responsibility for building up strong,

MAINTENANCE CONTRACT WITH STATOIL TJELDBERGODDEN

Beerenberg has entered into a 7-year contract for ISO and other supporting services at Statoil’s Tjeldbergodden facilities. The contract is running from 1 January 2018.

DNV GL: Standardisation can help enable the digital transformation of shipping

DNV GL’s new position paper focuses on the collection of ship sensor data, 

Industry's preferred pipeline standard gets update by DNV GL

A number of requirements related to linepipe fabrication,

Servogear Hybrid CPP for the World’s First Hybrid Catamarans in Commercial Traffic

Norled AS is one of Norway’s largest ferry and express boat operators.