Statistics Norway estimates total investments in oil and gas activity, including pipeline transport, at NOK 266 billion for 2026 – an upward revision of NOK 11 billion or 4.3 percent from the previous quarter. The increase is mainly driven by higher field‑development estimates, including three projects that submit plans for development and operation of previously shut‑down fields. The 2026 estimate shows a 1.1 percent decline compared with the 2025 estimate, reversing a marginal 0.6 percent growth suggested in the last survey. For 2027, the estimate rises to NOK 207 billion, 2.9 percent higher than the prior survey, largely due to field development and fields on stream. In the first quarter, investments reached NOK 61.5 billion, 11 percent lower than the fourth quarter but only a 1 percent drop when seasonally adjusted.
Source: Statistics Norway (Statistisk sentralbyrå).
Text/data reproduced from https://www.ssb.no/.
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