Minister of Petroleum and Energy Tord Lien was among the speakers at Energy Outlook in Arendal August 18.

The government proposes to spend an additional MNOK 100 for development of technology in the petroleum sector in 2017.

Funds will be distributed through the research program DEMO 2000, which already has a budget of MNOK 70.

DEMO 2000 funding was beefed up with an additional MNOK 100 in 2016. Minister of Petroleum and Energy, Tord Lien, said the first stimulus package was very successful and the reason why the government wants to repeat it.

“DEMO 2000 received a record number of applications, which shows the industry’s willingness to innovate and renew the petroleum industry”, said Lien.

The additional funds enable the Demo 2000 program to implement a new, record-breaking announcement targeting the supply industry. Applications will be accepted before February 15. The maximum amount that it is possible to apply for will be MNOK 25. Projects that reduce greenhouse gas emissions and increase energy efficiency will be prioritized.