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Norway Holds Back on North Sea Oil to Seek Planned Growth
Norway sits on a continental shelf rich in oil and gas yet pursues a cautious pace of development. Statoil aims for full state control, strict safety and high royalties, while opening limited blocks to multiple consortia. Officials warn rapid exploitation could disrupt traditional industries and inflation.
MENTIONED IN THIS ARTICLE
Oslo
Norway
Europe
Arve Johnsen
Statoil
Ekofisk
Norsk Hydro
North Sea
Britain
Barents Sea
Soviet Union
Johnsen
University of Kansas
Johnson
Dallas
Houston
Middle East
London