5/28/2023 0 Comments 3 4 4 3 work scheduleIn this regard the resource management shall provide revenues to the country and shall contribute to ensuring welfare, employment and an improved environment, as well as to the strengthening of Norwegian trade and industry and industrial development, and at the same time take due regard to regional and local policy considerations and other activities. Resource management of petroleum resources shall be carried out in a long-term perspective for the benefit of the Norwegian society as a whole. Resource management is executed by the King in accordance with the provisions of this Act and decisions made by the Storting (Parliament). The Norwegian State has the proprietary right to subsea petroleum deposits and the exclusive right to resource management. The right to subsea petroleum deposits and resource management Section 12-2 Repeal and amendment of acts.Supplementary provisionsĬHAPTER 12 ENTRY INTO FORCE AND AMENDMENT OF LAWS Section 11-9 The relationship to provisions of the Public Administration Act etc.Section 11-8 Annual report and annual accounts.Section 11-7 Duty of submission of the Board of Directors.Section 11-6 Duties of the Board of Directors.Section 11-5 The relationship to company law.Section 11-3 The State’s responsibility for the company.Section 11-1 The State’s participation in petroleum activities.Section 10-18 Authority to issue regulations and stipulate conditionsĬHAPTER 11 MANAGEMENT OF THE STATE DIRECT FINANCIAL INTEREST.Section 10-14 Consequences of revocation, surrender of rights or lapse for other reasons.Section 10-9 Liability for damage caused.Section 10-8 Responsibility for commitments.Section 10-6 Obligation to comply with the Act and to see to it that provisions are complied with.Section 10-5 Agreements between affiliated companies.Section 10-4 Material and information concerning the petroleum activities.Section 10-3 Regulatory supervision of the petroleum activities.Section 10-2 Management of the petroleum activities, bases etc.Section 10-1 Requirements to prudent petroleum activities.Section 9-6 Requirements to safety documentation.Section 9-5 Suspension of the petroleum activities etc.Section 9-3 Emergency preparedness against deliberate attacks.Section 8-4 Joint and several liability.Section 8-2 Occupation of a fishing area.Section 8-1 Scope of application and definitions.Preclusive noticeĬHAPTER 8 SPECIAL RULES RELATING TO COMPENSATION TO NORWEGIAN FISHERMEN Section 7-6 Petroleum activities without a licence.Section 7-3 The liable party and the extent of liability.Section 6-4 The rights of the mortgagee etc.Section 5-3 Decision relating to disposal.Section 5-2 Notification of termination of use.Section 4-13 Supplies in the event of war, threat of war etc.ĬHAPTER 5 CESSATION OF PETROLEUM ACTIVITIES.Section 4-12 Supplies to cover national requirements.Section 4-10 Area fee, production fee etc.Section 4-9 Extended operator responsibility for the overall operation of upstream pipeline network etc.Section 4-8 Use of facilities by others.Section 4-6 Preparation, commencement and continuation of production.Section 4-5 Postponement of exploration drilling and development.Section 4-4 Stipulation of production schedule etc.Section 4-3 Specific licence to install and to operate facilities.Section 4-2 Plan for development and operation of petroleum deposits.Section 3-15 Surrender of a production licence.Section 3-13 Natural resources other than petroleum resources etc.Section 3-12 Right for others to place facilities etc.Section 3-11 Right for others to survey activity.Section 3-10 Dividing the area of a production licence.Section 3-9 The duration of a production licence etc.Section 3-5 Announcement and granting of a licence.Section 3-4 Agreements with a view to applying for a production licence.Section 3-2 Division of the continental shelf.Section 2-2 The area covered by the survey licence.Section 2-1 Granting of survey licence etc.Section 1-3 Requirements relating to licence etc. Section 1-1 The right to subsea petroleum deposits and resource management.
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