Act relating to Exploration for and Exploitation of Submarine Natural Resources
Passed by the Storting (parliament) on 21 June 1963, the Act relating to Exploration for and Exploitation of Submarine Natural Resources vested the right to these assets in the state.
The government was authorised to issue licences to explore for and exploit the resources. Norway’s first reconnaissance licences were awarded in the same year. These permitted such activities as seismic surveying, but not drilling. Nor did they confer a pre-emptive right to exploit petroleum deposits or other natural resources.
Regulations for drilling and production were not issued until 9 April 1965 because the government wanted to wait until the issue of the boundaries with the UKCS and Denmark had been settled.
Norway proclaims sovereignty over NCSNorwegian and French companies join forcesMore about history
close
Close
Hey guys, been using Fachai Casino Login lately and it’s pretty sweet. Easy to get in and the games are fun. Check it out: fachai casino login
Been diving into ‘cá rồng bạch kim’ with Lonuoirongbachkim, and seriously, my understanding of the game has improved so much. Highly recommend cá rồng bạch kim.
Thinking of trying PHL63 tonight. Heard good things from my friends. Time to see what all the hype is about! Go claim your bonus at phl63