Magazine: Norwegian Continental Shelf Records High Deep Sea Projects in 2018

Norwegian Continental Shelf

Oil and gas was first discovered in the North Sea in December 1969, when Phillips Petroleum discovered oil in Chalk of Danian age at Ekofisk, in Norwegian waters in the central North Sea. Recent statistic report shows that there were about 184 offshore rigs in the North Sea.

The North Sea and the Gulf of Mexico (United States) are home to many offshore rigs, totaling 184 rigs and 175 rigs, respectively as of January 2018.

In the Norwegian petroleum industry, The Petroleum Safety Authority Norway (PSA) is
the regulator that supervise and responsible for the safety, emergency preparedness and the working environment in Norwegian petroleum activities offshore and on land. PSA’s supervisory responsibility embraces oil and gas activities on the whole Norwegian continental shelf (NCS), at eight facilities on land, and with associated pipeline systems. PSA covers operators, licensees, contractors and vessel owners, and the whole petroleum-industry life cycle from exploration drilling, development and operation to cessation and removal. It supervises that the companies operate prudently at all times and applies its enforcement notices if they fail to do so.

This magazine explores some of the deep sea projects and business opportunities in the North Sea, covering major Exploration & Production (E&P) Companies operating in the region.

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