The Norwegian Petroleum Directive (Oljedirektoratet, OD), an independent public administrative body, is now putting numbers on the developments feared by the entire oil industry - namely the size of the Norwegian Petroleum Directive's estimated cost reductions on the Norwegian shelf.
"We expect a 20 percent decrease over the next five-year period," said Director General Bente Nyland when presenting the forecasts for the Norwegian Continental Shelf, according to Norwegian newspaper Stavanger Aftenbladet.
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