Per Alfred Nobel's will, the recipient is selected by the Norwegian Nobel Committee, a five-member committee appointed by the Parliament of Norway. Since 1990, the prize is awarded on 10 December in Oslo City Hall each year. The prize was formerly awarded in the Atrium of the University of Oslo Faculty of Law (1947–89), the Norwegian Nobel Institute (1905–46), and the Parliament (1901–04).

The Nobel Peace Prize is one of the five Nobel Prizes created by the Swedish industrialist, inventor, and armaments manufacturer Alfred Nobel, along with the prizes in Chemistry, Physics, Physiology or Medicine, and Literature. Since December 1901, it has been awarded annually (with some exceptions) to those who have "done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses".

Oslo is the capital and the most populous city in Norway. It constitutes both a county and a municipality. Founded in the year 1040, and established as a kaupstad or trading place in 1048 by Harald Hardrada, the city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300.

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