EnergyWatch

Norway saw fewer oil finds during 2020's pandemic

As expected, production on the Norwegian shelf increased last year, although there were fewer new successful oil drillings, according to an annual review by the country's petroleum directorate.

Many exploration projects had to be postponed, but Johan Sverdrup made output surge and investments were maintained in Norway's oil industry last year. Photo: PR / Equinor

Across the globe, the Covid crisis has caused lower activity in the oil industry, and it might not be a surprise that 2020 didn't see as many finds in the Norwegian sector as during the previous year. 17 discoveries were made, down by three since 2019, shows a report by the Norwegian Petroleum Directorate (NPD).

On the other hand, four new fields went operational, and investments were maintained. This means that, all in all, the directorate's director general is satisfied with the past year:

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