EIA: Declining investment in Norway affects exploration drilling more than production drilling
According to the EIA, production from the Johan Sverdrup should delay the onset of any deep decline in Norway's aggregate production.
According to the EIA, production from the Johan Sverdrup should delay the onset of any deep decline in Norway's aggregate production.
The contract for well intervention services runs for three years and is confirmation of the opportunities the are being uncovered in the current market conditions.
OPEC's World Oil Outlook reports that primary energy demand is set to increase by 40% in the period to 2040.