Looking for a specific product?

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

Proposed national budget 2014

In the proposed national budget for 2014, the government calls for allocating a total of NOK 456.2 million to operating expenses, equipment procurement and maintenance in the Norwegian Petroleum Directorate (NPD).

Operating expenses

The proposal entails allocation of NOK 247.1 million to operating expenses next year. This is an increase of NOK 7.6 million compared with the final budget for 2013.

Apart from normal price and wage adjustments, the government wants to increase the allocations by NOK 4 million for follow-up of fields in operation. This will increase the NPD’s capacity for being an initiator for improved oil recovery.

“We are pleased that the government wants to allocate more funds within this important area, and believe that increased efforts by the Norwegian Petroleum Directorate can contribute to new projects that will result in improved recovery and thus also increased value creation from operating fields,” says Arne Holhjem, director for technology, environment and improved recovery in the Norwegian Petroleum Directorate.

The efforts will be focused on fields such as Snorre, Troll, Heidrun and the major chalk fields in the North Sea (Ekofisk and Valhall).

These fields are important due to significant remaining resources, potential major investment decisions and important decisions with regard to long-term development solutions.


Procurements

The government proposes allocating NOK 4 million to procurement/maintenance. This is the same amount as in the final budget for 2013.


Special operating expenses

Special operating expenses include Audits of the petroleum activities, Assignments and collaborations and Surveys, etc. The government proposes allocating a total of NOK 205.1 million for this in 2014. This is an increase of NOK 2 million compared with the final budget for 2013.

The Audits of the petroleum activities item covers technical measurement audits, participation in licence meetings and expenses for external consultants. The expenses are refunded by the operating companies. The government proposes spending NOK 3.1 million for this.

The budget includes NOK 72 million in expenses for Assignments and collaborations in 2014. The expenses cover tasks within data management and recovery technology, as well as the NPD’s share of collaboration projects Diskos and Force. Furthermore, it includes expenses related to the NPD’s cooperation agreement with Norad (Norwegian Agency for Development Cooperation) regarding consulting within petroleum management for developing countries.

The government is allocating NOK 130 million in the budget to Surveys, etc. (mapping, seismic surveys and other geological data acquisition) headed by the NPD.


Revenues

In total, the government is budgeting revenues of NOK 106.4 million via the NPD in 2014. Of this, NOK 25 million will come from fee revenues and NOK 71.4 million from assignments and collaborations. The income from refund of audit expenses is estimated at NOK 10 million.

 

Read more

 

Related news

Latest news

World's fastest ROV? - Project ROST

Traditionally, all cleaning has been carried out from a workboat,

New regional manager takes the helm in key oil and gas markets for DNV GL

Elaborating on the differences in the energy markets which now lie under his new responsibilities in DNV GL,

DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

DNV GL launches new JDP to test biodegradable lubricants

The test programme will investigate such aspects as hydrodynamic oil film formation,

ROV contracts in Brazil

The new contracts and contract extensions give 1 630 days of ROV services...

Steinsvik Secures a Contract for its First Concrete Barge

Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

Searching for the best biological solutions

AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.

Elisabeth Maråk Støle appointed managing director of Forskningsselskapet SørVest AS

Elisabeth Maråk Støle will take up her position on 1 April 2018 at the latest.

TIME SCALE

We are building chambers for tomatoes to grow in space. The aim is to give food to astronauts going to Mars.