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New billions ready to be invested in the oil sector

After a period of cut-backs, investments in the Norwegian oil industry will increase by NOK 20-30 billon anually over the next five years, experts say. This will provide work for all the Norwegian off-shore yards. This year alone, the oil companies in Norway will use NOK 60-70 billion on the building of new platforms, maintenance, and operation of platforms on the Norwegian Shelf. -The next five years will see a strong increase in investments, oil analyst Ole-Jacob Kvinnsland says to NRK. World wide, it is estimated that around NOK 900 billion will be invested anually over the next five years.