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Norwegian oil companies send major jobs out of the country

Contracts for foreign suppliers are approaching a gross value of more USD 6 billion, and several Norwegian competitors are getting worried.

Photo: Harald Pettersen/Statoil

Norwegian oil companies are increasingly sending major contracts out of Norway, to countries such as Korea, Singapore, the Netherlands, and Spain.

The contracts awarded to foreign suppliers are approaching a gross value of more than USD 6 billion, and a series of Norwegian competitors are getting worried. Most recently, business man Kjell Inge Røkke, who controls companies such as Aker, Kvaerner, and Det norske oljeselskap, has joined the debate in which several parties are expressing doubts that Asian suppliers can comply with the quality standards of the Norwegian shelf.

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