Decarbonising Norway's upstream industry - is it profitable?

The decarbonisation of Norway’s prolific upstream sector will be integral in the country’s efforts to meet its climate targets. With power turbines contributing up to 85% of Norway’s upstream emissions, electrifying offshore platforms - through power from shore or floating offshore wind - is one solution. In this report, we provide an overview of electrification in Norway and examine the economics of three upcoming projects: 1. Utsira High 2. Troll B+C 3. Hywind Tampen Can these projects compete with traditionally higher-return upstream projects?