At the Wellhead

摘要

The CEO of the group responsible for one of the biggest finds ever made offshore Norway stopped short this month of saying there is currently a full-scale renaissance in oil explora- tion taking place, but says there is a lot of excitement now and more major finds will be made. With output from Norway's mature fields locked into constant decline from a peak of 3.42 million b/d in 2001 to an expected 1.6 million b/d this year, gloom had descended on the industry. New discoveries had failed to arrest the country's descent down the league table of global oil producers.