Industries · OIL AND GAS

Oil, gas and energy — petroleum tax + licences

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.

01
Challenge

You operate a JV with 4 partners on a North Sea licence — costs must be allocated.

Answer

The JV module ties each expense to a licence + cost center, and generates cash calls and JIB (Joint Interest Billing) automatically per partner.

02
Challenge

The Offshore Directorate requires monthly production reporting.

Answer

The production module logs barrels/day per well + field and generates the NS-90 report to the Directorate via Altinn.

03
Challenge

Petroleum taxation requires distinguishing uplift-eligible costs from ordinary ones.

Answer

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.

Modules activated for petroleum

Built for your field in Norway

The 4b2b ecosystem combines Altinn integration, EHF, SAF-T and BankID in one platform. Industry configurations activate by NACE code.