Offshore

Oil output threatened as Norway explorers neglect North Sea

Norway's oil output could come under further pressure because oil explorers are neglecting the North Sea. This development could exacerbate an expected slump in the country's oil production in the middle of the next decade, regulator warns.
Wintershall | Photo: Wintershall
Wintershall | Photo: Wintershall
BY TIFFANY LEIGH, BLOOMBERG

Oil explorers are neglecting their old hunting grounds in the North Sea, threatening to deepen an expected slump in Norway's output in the middle of the next decade, the country's industry regulator warned.

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