Funding for Longship approved

Yesterday, the Norwegian Parliament adopted the budget for the Ministry of Petroleum and Energy for 2021, in line with what was proposed from the Government.

Longship

This includes funding for Longship, and the Ministry is given power of attorney to enter into agreements with Northern Lights, as proposed. The Storting also provided a few amendments, emphasising the need for cost control, risk management, and benefit realisation.

The Government has laid out its plans for Longship in a white paper, which will be debated by the Storting early in 2021. The formal approval of the plan for development/installation and operation (PDO/PIO) will take place as soon as the Storting has adopted the white paper.

Read more about the whole Longship project at ccsnorway.com