Norway introduces industry-boosting measures to offsetexpected decline in E&P investments

12/06/1999
While the Norwegian government is anticipating increased production and earnings from petroleum revenues, it is concerned over the "drought" that is threatening the country's oil companies and their suppliers. Troll C production semisubmersible platform was installed by operator Norsk Hydro AS to deplete a thin oil layer in the gas province of Norway's giant Troll oil and gas field. Such grand projects are now seen as a thing of the past, as Norway anticipates an increasing diet of small and marginal field developments. Photo courtesy of Norsk Hydro.Click here to enlarge imageOslo expects to rake in 85 billion kroner ($10.8 billion) from petroleum-related activities in 2000, which ...
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