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.
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.