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1 hour ago · In 2007, Norway was the world’s seventh largest oil producer and the fifth natural gas producer. Producing 2.56 million barrels of oil and 8.7 billion cubic feet of natural gas per day. By the end of 2022, 93 fields were in production with 70 of them in the North Sea, 21 of them in the Norwegian Sea and 2 in the Barents Sea (Norwagian ...
1 hour ago · Under Law No. 05–07 of 2005 as amended: subject to deductibility for additional profits tax (APT) purposes, royalties are due on the quantity of oil and gas produced at the agreed spot price calculated by reference to published indexes, depending on the nature of the commodity and the zone of production. Thus, although the terms of each ...
