Norway Offshore Field Development Activity to Gain, Rystad Says

Norwegian fields to be developed between 2014 and 2018 hold more resources than those developed between 2008 and 2011, Jarand Rystad, managing director at consultancy Rystad Energy AS said at a conference today. There will be eight new platforms, as much as 14 floaters and about 50 subsea solutions installed offshore Norway between 2010 and 2018, Rystad said.

“There will be a lot of activity generated from these new field developments,” Rystad told the Norwegian Operators Conference in Stavanger. “Norway will be a good market to be in.”

The offshore market in Norway, taken as the purchases made by oil companies and suppliers within the offshore segment, is forecast to rise to over 300 billion kroner ($49 billion) in 2015, from 200 billion kroner in 2009, Rystad said.

To contact the editor responsible for this story: Marianne Stigset at mstigset@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.