In a move that contradicts its environmental image, Norway has significantly increased oil drilling licenses, indicating a surge in hydrocarbon extraction.
Atle Staalesen reports for the Barents Observer.
In short:
- Norway awarded 62 new oil and gas drilling licenses, a notable increase from the 47 licenses in 2022.
- This expansion signifies Norway's highest level of oil and gas production since 2010, with peak production expected in 2025.
- Despite environmental concerns, the Norwegian government emphasizes the country's role as a stable energy supplier and job creator.
Key quote:
“This is important for both employment and value creation, as well as for facilitating Norway’s role as a stable energy supplier to Europe."
— Terje Aasland, Norway’s Minister of Energy
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