Funding to Restructure the Petroleum Industry

Hordaland County has announced a funding of 5 million Norwegian kroner to projects targeting restructuring of suppliers to the petroleum industry.

Published: 18 November 2015

Lower petroleum activity calls for changes in the petroleum sector. This funding is one of the measures taken to help the petroleum industry target new opportunities and limit the ongoing downsizing.

Projects can cover individual companies or sectors. The granted funding shall trigger the realisation of the projects, and the following areas are targeted:

  • Restructuring of cornerstone businesses
  • Restructuring and further development of companies
  • Education and training of employees
  • Joint actions related to the regulatory framework
Practical Information

There is no application deadline as applications are evaluated continuously. All private and public organisations can apply. Maximum funding granted is normally 35 percent of approved project cost.

Applications must be sent using the electronic form at (external site). Select «Handlingsprogram for næringsutvikling i Hordaland – HNH» as programme. You need to create an electronic account to apply.

For more Information

For more information, go to Hordaland County website for this funding (external site, in Norwegian).

Contacts at Hordaland County:

NCE Subsea is working with several sector-oriented initiatives, and we would very much like your input and ideas to actions supporting the entire subsea industry.

Contact Information:

Jon O. Hellevang

Senior Subsea Innovator
+47 988 48 828