Analysis says Norwegian oil investments will peak next year before taking a dive

The Norwegian Oil and Gas Association expects oil investments on the Norwegian shelf to peak next year. Afterward, the level of investment will drop toward 2024.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by MATHIAS JULIUS FALKENGAARD

Last month, Statistics Norway (SSB) estimated that there would be oil investments worth NOK 182.6 billion (EUR 18.03 billion) during the coming year.

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