Oil investment boom in Norway oil and gas sector

Oil investment boom in Norway oil and gas sectorAccording to Statistics Norway, there has been a high increase in oil and gas investments in Norway, surpassing the forecast NOK 12.6 billion for this year. It is now expected that investments will reach NOK 211.3 billion by the end of 2013, hitting a new record in the oil sector.

The statistics agency also predicted a rise in field development investments and for 2014 expects to see NOK 165.2 billion due to projects like Statoil’s Aasta Hansteen and Gina Krog projects, as well as Det Norske Oljeselskap operated Ivar Aasen field.

Another recent highlight for the Norwegian oil sector is the exploration of untapped resources in the Barents Sea estimated to be worth up to 230 billion Euros.

Due to the high activity in the oil sector in Norway, many oil companies are now recruiting foreign talent through TUjobs.com portal. The online recruitment website is posting daily job vacancies for the Norwegian oil and gas market. Some of the job positions advertised this week include:

•  Quality & Risk Manager – QRM Engineer at Experis in Kårstø
•  Senior Environmental Specialist at Rambøll in Tromsø
•  Estimator /Senior Estimator at Aibel  in Oslo

To view all job vacancies, visit www.TUjobs.com.