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Norway Warns Oil and Gas Output Could Collapse After 2030

Norway is producing oil and gas faster than the industry is finding new resources, increasing the risk of a steep decline after 2030, according to a new report from the Norwegian Offshore Directorate.

  • Norway's oil production may decline after 2030
  • Current spending focuses on mature projects, not new discoveries
  • Production projected to drop to 160 million standard cubic meters by 2035

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