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Norway oil industry set to invest record amount in 2025

  • Statistics Norway reported that total investments in Norway’s oil and gas sector will reach $26.6 billion in 2025, setting a record high.
  • This increase follows a rise in investments due to the 2020 oil tax package, inflation, and supply chain costs boosting investment values.
  • Higher spending on operating fields drives the 6% quarter-on-quarter investment growth, while investments in field development moderately decline.
  • Statistics Norway highlighted that spending on producing fields is anticipated to remain very high, with projections indicating a decline to $20.5 billion by 2026.
  • The Norwegian Offshore Directorate forecasts a gradual production decline in coming years, reliant on new discoveries and developed resources.
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Norway oil industry set to invest record amount in 2025

Norwegian oil and gas investments are expected to hit a record this year, and to decline next year, a statistics office survey of industry players showed on Tuesday.

·United Kingdom
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BizToc broke the news in on Tuesday, May 27, 2025.
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