Woodmac: Norway could reap more than USD 200bn on oil and gas this year

The nation’s oil and gas industry plans to increase fuel output during 2023, not least at the Johan Sverdrup field.

BY MATHIAS EJULIUS FALKENGAARD, TRANSLATED BY DANIEL FRANK CHRISTENSEN

2023 will likely turn out another extremely profitable year for the Norwegian oil and gas sector, with signs pointing to output maintained at high levels throughout this year as demand for the county’s fossil energy is above historical average, writes analysis firm Wood Mackenzie in a new report.

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