Norway upstream: what to look for in 2016

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Report summary

Cuts will deepen with a further fall in investment and reduced exploration activity. While production is expected to increase, it could be the first year since 1987 that no fields are brought onstream should problems persist at Goliat and Ivar Aasen start-up slips. On a more positive note, spend will ramp up on Johan Sverdrup and we expect a pick up in M&A activity as consensus grows on price.

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