BAA

Abbreviation

BAA is an abbreviation for "Business Arrangement Area".

Content

Business arrangement areas on the Norwegian continental shelf, with complete history for each business area.

Definition

A business arrangement area in this context is an area which is a result of unitisations, sliding scale rules or other business arrangements which have altered the terms of the original production licence.

In 2019 a new licence type was awarded for the first time, "Exploitiation licence". This licence is awarded for storing CO2 in a reservoar. In 2022 the licence type "Exploration licence" was introduced. This licence is awarded to explor areas for storing CO2. On the Factpages this licence is found under the tab "BAA".