Exploration & Production

Norway looks to exploration drilling in 2017 – Lien

Exploration activity has slowed in Norway because of low oil prices, but 2017 drilling plans are a reason to be optimistic, according to the country’s petroleum and energy minister Exploration activity has slowed in Norway because of low oil prices, but 2017 drilling plans are a reason to be optimistic, according to the country’s petroleum and energy minister.
By Verity Ratcliffe 11 November 2016 0 22765
Tord Lien, Norway’s petroleum and energy minister. (EC)

While exploration enthusiasm in Norway has been dampened by the drop in oil prices, some drilling will take place next year in blocks awarded by the country in its 23rd licensing round. Tord Lien, Norway’s minister of petroleum and energy, talked to Interfax Natural Gas Daily about the country’s upstream plans and gas pipeline projects.

Interfax Natural Gas Daily: What effect has the low oil price environment had on exploration in Norway?

Tord Lien: We have seen a significant reduction, particularly when it comes to exploration drilling...