According to the Norwegian government, industrial activity on the NCS provides the basis for significant employment and activity in the local supply industry, which needs a continuous stream of new contracts going forward to maintain value creation, expertise, and employment in the country.
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Aasland concluded: “ To maintain the current level of activity, new development projects are crucial for the supply industry. It is therefore important that the industry develops profitable resources in its portfolio and exploits the business opportunities offered by the oil and gas resources on the Norwegian C ontinental S helf.
“ The g overnment supports this by facilitating further exploration, increased recovery and the development of discoveries through stable and predictable framework conditions .”
10 days ago
about 2 months ago
As the Norwegian Continental Shelf (NCS) continues to attract new investments into oil and gas exploration and production (E&P) activities amid the global energy security concerns spurred by the Middle East conflict, Norway has upped its net cash flow ante from the petroleum sector, with billions ad
