The exploitation of Norwegian oil and gas

In this article Henrik Ager-Hanssen reviews Norway's experience of developing its oil and gas resources in the North Sea. His emphasis is on the way regulatory policies have changed since drilling started in 1966. Trends in exploration activity and investment are outlined and the impact of current production levels on Norway's GDP are examined. The effects of possible future production levels are also considered. Finally, the author discusses infrastructure problems and the prospects for further development.