OSLO: Oil and gas firms in Norway have boosted their 2021 investment plans in recent months reflecting higher costs and schedule changes including deferred and accelerated projects, a survey by the statistics office (SSB) showed yesterday.
The investment forecast for 2021 has been raised by 12%, and oil companies are also expected to present significant oilfield development plans in 2022 in order to meet a deadline for tax relief on new projects, SSB said.
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