Norway’s end-2022 PDO race heats up
The number of projects benefitting from tax breaks is set to top 20
The final two months of the year should see a flurry of submissions of plans for development and operation (PDOs) to Norway’s Ministry of Petroleum and Energy. Firms are seeking to meet an end-of-year deadline for tax breaks introduced during fears of a Covid-influenced slump in future upstream activity in mid-2020. Three PDOs have already gone in during November and December so far, with at least another seven aiming to sneak in before the close of 2022. According to Petroleum Economist analysis, the submissions by dominant Norwegian continental shelf (NCS) producer Equinor of the Irpa and Verdande PDOs and that of Maria Phase 2 by Germany’s Wintershall Dea takes the number of projects gree

Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector