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Oil investments rapidly approaching peak level from 2013

Already in 2020, Rystad Energy expects new investments in oil production to reach the level from 2013. "We are seeing the beginning of a new investment cycle," the company says. The North Sea is one of the areas in question.

Photo: /ritzau/Magnus Holm

Investments in global oil production are once again showing strong growth, reports Norwegian Rystad Energy.

As early as next year, offshore investments will reach the level from 2013, which, with total investments of USD 115 billion, was one of the strongest years in the last decade. Investments peaked at USD 144 billion in 2011 and then abruptly declined to USD 23 billion in 2016.

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