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According to the offshore engineering website, May 26, a survey conducted by the Norwegian National Statistics Bureau (SSB) on Wednesday showed that as more projects are developed, Norwegian oil and gas companies have increased in the past three months.
According to the Norwegian National Statistics Agency, Norway’s largest business sector is expected to invest 181.
The Norwegian National Bureau of Statistics said in a statement: "The upward adjustment in 2021 is driven by higher estimates in the development of oil fields and oil field development categories.
"Among other things, two new development and operating plans (PDO) have been submitted.
The current forecast for 2022 is 142.
According to the Norwegian National Statistics Agency, the reason for the current expected decline in investment in 2022 is a 10% drop in oil field development, partially offset by increasing exploration activities.
With the construction of infrastructure, the level of investment in the oil industry affects the recent growth of the Norwegian economy and the country's long-term oil production.
(1 USD = 8.
Wu Henglei compiled from offshore engineering
The original text is as follows:
Oil Firms in Norway Raise Spending Forecasts
Oil and gas firms in Norway have increased their 2021 and 2022 investment forecasts during the last three months as more projects are being developed, a national statistics office (SSB) survey showed on Wednesday.
The biggest business sector in Norway now expects to invest 181.
"The upward adjustment for 2021 is driven by higher estimates within the categories of fields on stream and field development," SSB said in a statement.
"Among other things, two new plans for development and operation (PDO) have been submitted," it added.
The prediction for 2022 now stands at 142.
For the time being, the predicted decline in investments in 2022 is expected to be driven by a 10% drop in field developments, partly offset by growing exploration activities, SSB said.
Oil industry investment levels impact the near-term growth of Norway's economy as infrastructure is being built, as well as the country's longer-term output of petroleum.
($1 = 8.
