You operate a JV with 4 partners on a North Sea licence — costs must be allocated.
The JV module ties each expense to a licence + cost center, and generates cash calls and JIB (Joint Interest Billing) automatically per partner.
Norway is Europe's largest oil and gas producer. The sector has its own petroleum taxation (special tax 56 % on top of 22 % corporate), distinct licence structures (JV/UJV), separate special-tax filing via Altinn, and strict Petroleum Safety Authority requirements. 4b2b supports petroleum-specific ledger, joint venture consolidation, and reporting to the Norwegian Offshore Directorate and Tax Administration.
You operate a JV with 4 partners on a North Sea licence — costs must be allocated.
The JV module ties each expense to a licence + cost center, and generates cash calls and JIB (Joint Interest Billing) automatically per partner.
The Offshore Directorate requires monthly production reporting.
The production module logs barrels/day per well + field and generates the NS-90 report to the Directorate via Altinn.
Petroleum taxation requires distinguishing uplift-eligible costs from ordinary ones.
The platform tags each cost as "petroleum eligible" or "ordinary" based on NACE 06.10/06.20 + invoice nature, and calculates uplift automatically in the special-tax return.
The 4b2b ecosystem combines Altinn integration, EHF, SAF-T and BankID in one platform. Industry configurations activate by NACE code.