Norway’s Oil Production Set to Plunge 60% – Ambitious New Exploration Targets the North – EUROP INFO

Norway’s oil production is set to decline sharply, with experts projecting a 60% drop in output over the coming decades, according to the latest industry report. In response to the anticipated downturn, the government and energy companies are intensifying exploration efforts in the country’s northern regions, aiming to unlock new reserves and sustain the nation’s position as a key energy supplier. This strategic shift highlights the challenges facing Norway’s oil sector amid global…