Investments in Norwegian oil industry to increase

After a period of cut-backs, investments in the Norwegian oil industry will increase by NOK 20-30 bn annually over the next five years, experts say. This will provide work for all the Norwegian off-shore yards.
This year alone, the oil companies in Norway will use NOK 60-70 bn on the building of new platforms, maintenance, and operation of platforms on the Norwegian Shelf. The next five years will see a strong increase in investments, oil analyst Ole-Jacob Kvinnsland says. World wide, it is estimated that around NOK 900 bn will be invested annually over the next five years.