NEWS

In cooperation with the Norwegian Petroleum Directorate, The Ministry of Petroleum and Energy has published a new edition of its annual book on the Norwegian petroleum sector, Facts 2014. The publication gives a comprehensive overview of the petroleum activity on the Norwegian continental shelf (NCS). New versions of the Oil Facts app are at the same time released for Android and WindowsPhone.

2013 was yet another year marked by high level of activity, substantial value creation and a strong sense of optimism. With solid footing in an effective and well founded regulatory framework, Norwegian authorities are working to ensure optimal conditions for positive long term development. Such continuous and focused efforts are necessary to ensure high value creation from the sector for decades to come. Clear and predictable ground rules, access to new, promising acreage and improved recovery from existing fields are some main points.

Facts 2014 contains a comprehensive overview of the Norwegian petroleum sector:

·         Resources on the NCS

·         Regulatory framework and state organization

·         The Norwegian petroleum industry – from well to market

·         The future petroleum industry