Norway sees rapid growth in oil output… Reuters

January 9, 2020 by Jim Colburn Leave a Comment

Nerijus Adomaitis, Reuters, has a piece on oil output growth in Norway, here…
“Norway’s oil output will grow by 43% from 2019 to 2024 as new fields come on stream and older production facilities are upgraded, forecasts from the Norwegian Petroleum Directorate (NPD) showed on Thursday.” …

“Crude output from Norway’s offshore fields is now predicted to hit 2.02 million barrels per day in 2024, up from a 30-year low of 1.41 million last year, as major oilfields Sverdrup and Castberg gradually come on stream.

“After two years of lower output, production will rise again in 2020, mainly due to the start-up of Johan Sverdrup but also due to other finds,” Soelvberg said.”

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