VOL. XLV

No 28

15-July-2002

NORWAY

Norway Sets Out Future Oil And GasExploration And Production Policy

For the first half of 2002 Norway curbedproduction, under an agreement with OPEC and other non-OPEC producers aimed atreducing supplies and bolstering oil prices. The Norwegian PetroleumDirectorate (NPD) said on 5 July that Norwegian crude oil production averaged3.02m b/d in the first half of the year, right on target to achieve thepromised output cut of 150,000 b/d. However, Norwaysproduction...