Westwood Global Energy Group, a market analytics for the oil and gas industry, launched a study concerning the exploration drilling in Norway concerning the last five years, and also examined the possible future activity.
Specifically, in the last five years, the annual exploration well count in Norway remains stable at 21-22% since 2016, yet down from 39% in 2014. The oil and gas industry has spent $7.3 billion drilling 138 wells to find 1.2 billion boe of commercial oil and gas with an average...
https://safety4sea.com/2019s-drilling-will-show-norways-ability-to-sustain-exploration-levels/