"The Norwegian Continental Shelf: Short-term boom with long term worries"
Author:Simon Sjøtun, Principal at Rystad Energy
(Original article published in August 2018 edition of Offshore Magazine)
The Norwegian Petroleum Directorate summed up its review of activity in the first half of the year on the Norwegian Continental Shelf (NCS) by commenting that the 20 projects currently ongoing on the NCS is a record for the region. This comment offers a good image as to the status of the region where cost improvements and project resource increases together have secured highly competitive development projects. However, the short-term boom is clouded by a dearth of new projects after 2020 leading to an expected sharp decline in production from the mid-2020s onward.
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