CAPITAL SPENDING OFF NORWAY SEEN PEAKING THIS YEAR
Capital outlays off Norway will peak this year at 51 billion kroner ($6.7 billion) with the state contributing 63%. Spending will decline to about 20 billion kroner/year by the turn of the century. Further spending is due in some producing fields, said Wood Mackenzie Consultants Ltd., Edinburgh. For example, Ekofisk field, operated by Phillips Petroleum Co. Norway, may require 10 billion kroner ($1.4 billion) for at least one more platform (OGJ, Jan. 11, p. 28).