Financial Ports

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

CLAVE 1 / 420-25 exploration opportunities identified on the Norwegian Continental Shelf, targeting the largest remaining prospects.

CLAVE 2 / 4The consortium plans to drill around five high-impact wells annually, sharing risk and technology.

CLAVE 3 / 4Without new discoveries, Norway’s oil production is forecast to decline after 2035, threatening European energy security.

CLAVE 4 / 4The collaboration aims to unlock material new discoveries to support long-term production and value creation.

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