“The activity level on the Norwegian Shelf is high. Production forecasts for the next few years are promising and lay a foundation for substantial revenues, both for the companies and the Norwegian society. There is considerable interest in exploring for oil and gas,” says NPD Director General Bente Nyland.
Exploration activity was considerably higher last year in than in the two previous years. The number of exploration wells has increased dramatically, and 87 new production licences were awarded, which is a new record.
