The battle for the values of one of Norway’s largest oilfield could end in court. The five companies behind Johan Sverdrup submitted development plan last Friday, but did not agree on division of ownership, writes DN.
According to the newspaper signed no oil company Det Norwegian, where Kjell Inge Rokke’s major shareholder, the agreement because it believes oil in their license in the western part is worth more than the license in the east.
In connection with the development needs three licenses merged into one, also described as coordination or unitization.
– If a party is dissatisfied with the decision of the Ministry, the company may appeal the decision to the King in Council. If an appeal is not successful there, the company can sue the state to get known the decision invalid, says Professor Ernst Nordtveit in petroleum law at the University of Bergen, to DN.
Nordtveit gets support from Professor Catherine Banet by Nordic Institute of Maritime Law at the University of Oslo.
– It is true that any decisions of the authorities can be appealed, and that the parties here can go to court against the state, c.f. including Public Administration, says Paving the newspaper.
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