OSLO, Oct 21 (Reuters) – Several Norwegian oil and gas projects with development plans due next year will be delayed because of high costs and technological challenges, while several will also go ahead, oil minister Tord Lien told reporters on Tuesday.
The projects that will be delayed will eventually get developed over the long term, but the oil industry needs to get a grip on costs and the solution must come from the private sector, not the government, Lien added.
(Reporting by Balazs Koranyi; Editing by Jussi Rosendahl)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you