Norwegian parliament building in Oslo
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
23 July 2025
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
