Norway Says Tax Reform to Boost Marginal Oil Projects Amid Slump

  • Lower corporate tax will stimulate activty, Oil Minister says
  • Oil lobby has `no reason' to complain about lacking incentives

Workers move along an access way above the giant supporting legs of the Oseberg A offshore gas platform in the Oseberg North Sea oil field 140kms from Bergen, Norway.

Photographer: Kristian Helgesen/Bloomberg

Norway’s proposed tax reform will benefit marginal oil projects such as increased-recovery plans at a time when producers are cutting costs and delaying investments amid a slump in commodity prices.

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