Oil investments norway
In 2019, investments excluding exploration totaled around NOK 150 billion. Total investments are expected to be at the same level in 2020. This means that investments in the petroleum sector account for about 1/5 of total investments in productive capital in Norway. This is far more than for any other industry in Norway. How Norway's huge oil reserves benefit all its citizens The fund’s origins date back to 1969 when oil was discovered in the North Sea. Ekofisk was the largest oil field found – and would forever change Norway’s fortunes. Over the next 20 years, there were discussions as to how this newfound wealth should be used. These …