Hungry for more oil, Norway aims for €36 billion investments in new fields
Oil production could drop by more than 70 percent in 20 years unless new discoveries are made.
Alarming climate scenarios notwithstanding, Norway has no plans to halt development of new hydrocarbon resources. On the contrary, in the first half of 2021, companies made eight new discoveries estimated to hold about 60 million standard cubic meters of oil equivalents.
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