Tensions rise in Norway as 13 billion barrels remain unsanctioned
There are 13 billion barrels of pre-FID resources in Norway. We expect seven to be commercialised via 40 projects. Though this is a very healthy pipeline, these are testing times for project sanctions. Tensions are starting to rise between companies and Norway's governmental players who are wary of further delays and losses to the state. The next 12 months will prove critical to stimulating investment decisions and avoid putting billions of barrels at risk of being left in the ground.