NORWEGIAN OPERATING COSTS TO CONTINUE FALLING WHILE OUTPUT RISES

Operating costs in Norway's oil and gas fields are falling and are expected to reach a recent low of an average 34 kroner ($4.40)/bbl oil equivalent (BOE) next year. Wood Mackenzie Consultants Ltd., Edinburgh, said Norwegian operating costs peaked at 54 kroner ($7)/bbl oil equivalent in 1994 prices during 1986-87. Current operating costs are estimated at 35 kroner ($4.50)/bbl oil equivalent. Total field operating outlays for Norway are predicted at 40 billion kroner (55.2 billion) this

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