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Norwegian yards and rig companies face growth surge

For the first time since the crisis, revenue in the Norwegian oil industry is expected to climb above NOK 300 billion, according to EY. Yards and rig companies stand to benefit from strong growth rates, but several factors could slow the development.

Photo: /Ritzau Finans/AP/Jacob Ford

After several years with a strained oil sector, optimism has recently begun to spread in the Norwegian oil industry.

And for good reason, according to a new report from auditing firm EY, which has analyzed the development in 1,200 companies in the Norwegian oil and gas sector.

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