The Strategist
The Strategist

Oil and gas investment in Norway to peak in 2025, decline in 2026



08/15/2025 - 02:51



Investment in oil and gas in Norway will reach its highest point this year and then decrease next year as significant projects are finished, according to data from Statistics Norway derived from surveys of industry stakeholders.



W. Bulach
W. Bulach
Investments are projected to attain a historic high of 274.8 billion Norwegian kroner ($26.98 billion) in 2025, then decrease to 229.4 billion kroner in 2026. In May, projected investments were 269.1 billion kroner for this year and 206.6 billion kroner for next year.

Statistics Norway stated that the anticipated drop in investment in 2026 relative to 2025 is attributed to a decrease in scheduled investment for field development.

Multiple new project authorizations, such as those from Equinor and Vaar Energi, are anticipated this year and the next; however, total exploration expenditures are expected to decrease.

source: ft.com