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Costs of Norwegian oil production halved

Since 2014, costs in the Norwegian oil sector have been more than halved according to a new report from the Norwegian Petroleum Directorate. While 2017 and 2018 will see a lower investment level than in 2016, the picture will change in 2019, say estimates. Read the report here.

Photo: Helge Hansen, Statoil

The Norwegian oil industry has undergone several years of transition and downsizing and is now well prepared for the future.

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