For many years, Wiersholm has built up a professional team of lawyers who have extensive experience and good knowledge of government regulation of the energy sector. Key legislation regulating this sector includes the Energy Act, Industry Licensing Act, Watercourse Regulation Act and Watercourse Act.
The Energy Act currently provides the framework for the organisation of Norway’s power supply. The Act regulates power through various licensing schemes, including the construction and operation of electrical installations, remote heating plants, energy trading and monopoly control, measurement, settlement and invoicing, etc.
Wiersholm provides assistance and advice with regard to the licensing system conditions that the licensees must comply with when they engage in petroleum activities. The Petroleum Act contains the overall authority for the licensing systems that regulates the Norwegian petroleum activities. Pursuant to the act and the associated regulations, licences may be granted for the exploration, extraction and transportation of petroleum etc. Taxation is regulated through the Petroleum Taxation Act.
The Norwegian concession laws consist of several documents that contain additional provisions concerning rights and obligations beyond what is stipulated in the Petroleum Act and the associated regulations, including production licences and cooperation agreements/accounting agreements.