[15.03.2017] - Press Release - Petoro 2016 results Unpredictability requires improved competitiveness Read more
(WorldNews Norway)

The industry is still characterised by considerable uncertainty. The ability of the Norwegian Shelf to compete in a demanding global energy market requires cost-effective production, with the lowest possible emissions. The adjustment work undertaken in 2016 has yielded impressive results. For example, field costs have been reduced by a further 12% since 2015, and we have drilled a record number of wells on our permanent installations. We rely on continuous new investments in the licences in...