NPD receives small budget increase

Offshore staff

OSLO, Norway– Norway’s government has outlined its funding proposals for the Norwegian Petroleum Directorate (NPD) in 2014.

The total proposed allocation is NOK 456.2 million ($77 million) to operating expenses, equipment procurement, and maintenance. This is an increase of NOK 7.6 million ($1.28 million) compared with the budget figure for 2013.

According to NPD, the government is keen for it to help initiate new work on improved oil recovery from existing fields.

Efforts will be focused on fields includingSnorre, Troll, Heidrun, and the major North Sea chalk fields of Ekofisk and Valhall.

The government is allocating NOK 130 million ($21.9 million) in the budget to mapping, seismic and other geological data acquisition surveysheaded by the NPD.

10/17/2013