Norway set for PDO bonanza

Tax changes could see 20+ projects take FID

Norwegian continental shelf (NCS) operators are beginning to offer more clarity on their ambitious plans to fast-track discoveries to FID and submission of either new or revised plans for development and operation (PDOs) before a deadline of the end of 2022 to take advantage of temporary tax relief. The number is likely to be high, both on a project and production basis, but how high is still uncertain. In mid-2020, the Norwegian parliament approved changes to the country’s petroleum tax regime, providing accelerated recovery for investments and tax refunds for 2020 and 2021 spending. But the legislation also applies to new projects submitted for PDO before the end of 2022. And the incenti

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry