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Analysis: Norwegian oil investments will peak next year before taking a dive

The Norwegian Oil and Gas Association expects oil investments on the Norwegian shelf to peak next year. Afterward, the level of investment will drop toward 2024.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix
BY MATHIAS JULIUS FALKENGAARD, ENERGYWATCH
Published:

Last month, Statistics Norway (SSB) estimated that there would be oil investments worth NOK 182.6 billion (EUR 18.03 billion) during the coming year.

But there is, in fact, cause for even greater optimism for the industry, assesses the Norwegian Oil and Gas Association in a new investment analysis (Norwegian). However, this applies only to 2020.

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