Commentary, 11/12, 2002 (Issue SOGM)

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home > print edition > 2002 > 11/12-2002

Commentary, 11/12, 2002

Home and Away
More than 1 billion barrels of oil are produced annually from the Norwegian Continental Shelf (NCS). But nothing lasts forever, especially not non-renewable energy sources. Oil discoveries on the NCS has for many years been less than what is produced. In 2001 that was also the case for gas production and exploration. Discoveries counted for less than what was produced.

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