Norway: oil and gas production will return to record levels

After a slight decrease in 2019, oil and gas production on the Norwegian Continental Shelf will grow from 2020, and in 2023 it will approach the record level of 2004, Oljedirektorat, the Norwegian Oil Directorate (NPD) estimates.

The activity on the Norwegian shelf is high, and promising forecasts for the next few years lay the foundations for significant revenues for both…