Business Trend Report 2014

11/11/2014

Activity on the NCS set to remain high

The level of activity in Norway’s petroleum industry has been rising sharply in recent years, buoyed by high energy prices, a positive trend for discoveries and upgrading requirements on older fields. While the peak will be passed this year, investment and activity on the Norwegian continental shelf (NCS) will remain at a historically high level and continue to require substantial capacity at both oil companies and suppliers.