NEWS

Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade.

Some 40 wells are due to be drilled in 2025, on par with the 42 drilled last year, the Norwegian Offshore Directorate said Thursday. About half will be in the North Sea, about 10 in the Norwegian Sea and between four and six in the Barents Sea, the directorate said in its annual report on activity on the shelf.

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