NGW Magazine: Norway Finds Cheaper Answers

Lower costs and simpler field designs have helped cut the cost of Norwegian field development – but not all cost savings are good, warns the Norwegian Petroleum Directorate (NPD).

Since the oil price fell two years ago, the price tag for developing a field on the Norwegian shelf has declined by an average of more than 40%, according to NPD’s analysis of eight planned developments nearing start-up. 

Tough regulations and difficult conditions...

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