Westwood Insight – Norway State of Exploration 2012-2021

Exploration activity over the last decade has been impacted by two major oil price crashes and a global pandemic, which have resulted in large fluctuations in drilling costs, exploration performance and discovered volumes. Despite the maturity of the Norwegian Continental Shelf (NCS), Norway continues to be a global hotspot for exploration.

Global Subsea Tree Tracker

Each month, Westwood's subsea team provides a global update on subsea tree awards, with data sourced from, and analysed using, the new SubseaLogix service.