Oil companies increase their investment estimates for 2022 on the Norwegian shelf

Oil fieldPhoto: Carina Johansen / NTB
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Oil companies now estimate investments in 2022 to reach NOK 167.2 billion. Next year, investments could amount to NOK 130.6 billion.

Investment estimates for pipe transport and oil and gas extraction on the Norwegian shelf this year are 4.8% higher than the estimates in the previous survey, Statistics Norway (SSB) writes.

The upward adjustment for 2022 is driven by higher estimates of oil and gas field development, land activities, and exploration, among other factors.

At the same time, the new estimates for pipe transport and oil and gas extraction for 2023 are now calculated at NOK 130.6 billion. That is 0.6% lower than the initial estimate for 2023 from the previous survey in February.

Source : © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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