Ten years after the giant Johan Sverdrup field was discovered, Norwegian authorities believe it is time for oil and gas companies to take advantage of their huge cashflows and start hunting big game again.

The Norwegian Petroleum Directorate (NPD), the country’s oil and gas regulator, expects a high level of exploration activity this year, with a large portion of the wells near existing infrastructure, such as pipelines and platforms.

However, the NPD director for licence management, Kalmar Ildstad, told Upstream that Norwegian authorities would like to see companies be more willing to take risks.