Foreign firms see high profits on Norwegian Shelf this year

May 09, 2005 02:00 AM

The six largest foreign companies operating on the Norwegian Shelf will this year make altogether NOK 23 bn in profits, around NOK 5 bn more than last year.
This is shown by a survey made by Finansavisen.

Together with Hydro and the National Association of the Oil Industry, several of the foreign companies last year demanded that the 78 % marginal rate of taxation on the Norwegian Shelf be reduced.
The companies were of the opinion that the tax level would lead to reduced activity on the Norwegian Shelf, but their plea was not heard.

A survey of the Norwegian accounts of the six largest foreign operators in the North Sea, shows that they will be taking home NOK 23 bn this year.
The six companies are BP, Shell, Total, ConocoPhillips and ExxonMobil.

Source: The Norway Post
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« May 2020 »
May
MoTuWeThFrSaSu
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Register to announce Your Event

View All Events