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Norwegian Oil and Gas Increase Investment Forecasts

ENERGY

Norwegian oil and gas firms have raised their investment forecasts for 2022 and 2023 according to a national statistics office survey on Thursday.

  • They plan to explore more and develop new projects with investment up from 167.2bn Norwegian crowns estimated in May to 172.8bn crowns.
  • 2023 investment is seen increasing from a previous survey of 130.6bn to 135.3bn crowns with approval for more projects expected by the end of this year.

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