Norway’s oil trio bets big on giant NCS finds to avert 2035 cliff

Equinor, Aker BP, and Vår Energi, Equinor, Aker BP and Vår Energi, have joined forces to chase the biggest remaining exploration targets on the Norwegian Continental Shelf (NCS), aiming to drill five high-impact wells a year and stave off a projected production cliff after 2035. The strategic collaboration, announced today, will see the companies combine expertise, data, technology and rig capacity to mature and test a portfolio of approximately 20-25 exploration opportunities over the next four to five years. The move comes as most recent discoveries have been confined to…

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