Norway Oil Output ‘Peaking’

UpstreamOnline – Norway’s oil output is peaking at around 3 million barrels per day and will stay at this level for the next four to five years before the country switches focus to natural gas production, a senior government official said today.

“We are sort of on the peak of oil production (and) we will stay here for four or five years and then switch to gas,” Reuters quoted Anders Bjarne Moe, director general of the Oil & Energy Ministry, as saying at an oil and offshore conference.
UpstreamOnline