Norwegian oil companies plan to invest more in 2023 and 2024 than previously thought, survey shows

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Norwegian oil companies plan to invest more in 2023 and 2024 than previously thought, survey shows
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Norway’s biggest business sector now expects to invest 213 billion Norwegian crowns in 2023, up from a forecast of 197.8 billion made in May

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Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from a weaker crown currency, a national statistics office survey showed on Thursday.

Oil companies now plan to invest 207 billion crowns in 2024, compared to a previous estimate of 181.9 billion.

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