Norway | Exploration performance and outlook – Norway in a global context

May 28, 2024

Norway is one of six key global offshore exploration hotspots, which are together set to see over 200 exploration wells drilled in the next 12 months. The country has experienced a boost in exploration success following an increased focus on ILX, however with risk appetite increasing the outlook for Norway is likely to include a higher proportion of non-ILX wells moving forward.