Oil report claims dry Barents Sea prospects discourage investment

The higher investment level on the Norwegian continental shelf will decline again next year, assesses market analysis firm Maritime Strategies International, citing underwhelming exploratory drillings in the Barents Sea.

BY MATHIAS JULIUS FALKENGAARD

Investments in the Norwegian oil sector have increased 20 percent during 2019 relative to last year and are slated to grow to approximately USD 21 billion.

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