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Who Will Be the Biggest Non-State Oil Company in Norway? The Race Is On

Mikael Holter
Who Will Be the Biggest Non-State Oil Company in Norway? The Race Is On

The race is on to become Norway’s biggest non-state oil company. As supermajors such as Exxon Mobil Corp. and BP Plc focus on other regions, a new group of smaller companies is revitalizing the country’s oil industry. It is investing $1.3 billion this year and plans to double production to 330,000 barrels of oil equivalent a day in 2023.