Factpages Norwegian Offshore Directorate
Factpages Norwegian Offshore Directorate
Factpages Norwegian Offshore Directorate
sodir.no    Norsk
sodir.no          Norsk
05.11.2024 - 01:27
Time of last synchronization with Norwegian Offshore Directorate's internal systems

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".