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Norway's upstream investment surge - can the supply chain cope?
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Temporary tax terms were introduced in Norway in June 2020 in response to the oil price crash and the coronavirus pandemic. They have boosted investment, maintaining Norway’s position as a global hotspot for offshore investment. Companies need to sanction projects by the end of 2022 to benefit from the temporary terms. But with around 30 projects slated for FID within the tax window, there are questions over the supply chain’s ability to deliver. We identify the pinch points and review the implications for E&Ps.
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