Today, the Norwegian Minister for Petroleum and Energy received a report ordered earlier this year on the measures to be taken to inscrease the level of extraction of petroleum resources from the Norwegian Continental Shelf (NCS).
The report, entitled "Økt utvinning på norsk kontinentalsokkel" has been prepared by a special committee on the topic (utvinningsutvalget). The report contains 44 proposals to be ranged in 5 categories:
- the regulatory framework;
- costs and profitability;
- measures affecting the competition situation on the NCS;
- test and implementation of more technologies for an increased exploitation;
- challenges for an increased exploitation within certain technological areas.
References: OED press release, 22.09.2010.