The Norwegian Ministry of Petroleum and Energy (MPE) has approved adjusted production permits for several fields on the Norwegian Continental Shelf (NCS). Total sale of gas from the NCS is expected at 122 billion standard cubic meters in 2022.
"The most important thing Norway can do in today's demanding energy situation for Europe and the world is to facilitate for the companies operating on the Norwegian shelf to maintain their high production," said MPE's Terje Aasland (Labour Party). "The companies are continuously assessing opportunities to deliver more oil and gas. The adjustments we have made support this and will contribute to the record high gas sales we expect this year."
Based on applications from the licensees, adjusted production permits have been approved for the Troll, Gina Krog, Duva, Oseberg, Åsgard and Mikkel fields. The permits include volumes expected to be produced partly in 2022 and partly in 2023. The MPE also has granted a production permit for the Nova Field, where first oil is expected soon.
These volumes have been taken into account in the current estimate for Norwegian gas sales in 2022. Hence, the decisions do not increase the expected gas sales this year but support the potential record high export volumes through the pipeline system in 2022.
Field-specific questions about the adjusted production permits must be directed to the respective companies.
Norwegian fields deliver gas to Europe through a comprehensive gas transportation system. The fields cover 20% to 25% of the gas demand in the EU and the UK. The exception is Hammerfest LNG, where gas from the Snøhvit Field is sent to the market by ship. Norwegian gas makes up 2% to 3% of the global market.
The MPE's estimate for gas sales from the Norwegian fields in 2022 was updated in May and is 122 billion standard cubic meters. This is 9 billion standard cubic meters higher than sales in 2021 and constitutes an increase of about 8%.