Oil and gasoline corporations working off the Norwegian coast will spend an estimated 244 billion kroner ($23 billion) this 12 months, 5 % greater than beforehand forecast.
Investments in hydrocarbon extraction and pipeline transport at the moment are forecast to be 13 % larger in 2024, in comparison with a ultimate funding determine of 215 billion kroner for 2023, Statistics Norway mentioned on Thursday. Spending in 2025 is forecast to be 205 billion kroner, the company mentioned.
The upper estimate for 2024 spending displays larger funding in “fields on stream, area growth and pipeline transportation,” the statistics workplace mentioned. “Markedly larger” spending on area growth contributed to a 22 % enhance in funding in 2023 in contrast with 2022.
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