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Norway sees rapid growth in oil output from 30-year lows

FILE PHOTO: A general view of the Johan Sverdrup oilfield platforms in the North Sea
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STAVANGER, Norway (Reuters) - Norway's oil output will grow by 43% from 2019 to 2024 as new fields come on stream and older production facilities are upgraded, forecasts from the Norwegian Petroleum Directorate (NPD) showed on Thursday.The numbers show a revival for Norwegian crude production, which last year fell to its lowest level since 1989 as older fields gradually depleted their reserves.By..
Date Published: Jan 09, 2020
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