Content
About the statistics
Definitions
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Name and topic
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Name: Oil and gas activities, investments
Topic: Energy and manufacturing
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Responsible division
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Division for Manufacturing and R&D statistics
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Definitions of the main concepts and variables
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Exploration: Covers the activity from when the production licence is given until the exploration programme is finished or the licence is returned.
Development: Covers the activity from the time commercial development is approved by the Parliament to start of production, inclusive establishment of the on stream organisation and production drilling.
Production: Covers the activity after the start of production, inclusive production drilling.
Ancillary activity: Covers the activity in offices and bases onshore; administrative and technical services both to own activity as operator and interests in other production licenses.
Accrued investment costs: Nominal acquisition costs of physical capital for extraction purpose, quarterly or annually. All current costs in exploration and field development, including production drilling, are regarded as investment costs. For fields in production, costs that increase the value of the capital equipment, improve the processes or expand the capacity are treated as investment. Repair and maintenance are treated as intermediate consumption of services. In the ancillary activity all acquisitions of fixed durable assets with an expected productive life of more than one year are included
Estimated investment costs: Nominal acquisition costs of physical capital for extraction purpose that the licensees expect to implement on short and medium term. All current costs in exploration and field development, including production drilling, are regarded as investment costs. For fields in production, costs that increase the value of the capital equipment, improve the processes or expand the capacity are treated as investment. Repair and maintenance are treated as intermediate consumption of services. In the ancillary activity all acquisitions of fixed durable assets with an expected productive life of more than one year are included
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Standard classifications
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Not relevant
The statistics is published with Investments in oil and gas, manufacturing, mining and electricity supply.