Oil investments in Norway to rise in 2014

Oil investments in Norway to rise in 2014Due to new field discoveries, Norway will increase its spending by 3.2% in the oil industry next year. This sets a new record for Norway in terms of oil investments. Statistics Norway announced that oil spending will reach 35.3 billion dollars in 2014, which totals a 23.4% increase compared to 2013.

Between 2002 and 2012, oil and gas investments grew 220% due to huge projects at Ormen Lange and Snohvit. In 2014, most of the investments will be spent on maintaining the current production fields. From the 170 billion dollars, 70% will be invested in developing new fields and 30% will be used on exploration.

In 2013, the biggest investments are expected to be in Norway old oil discoveries, as Statoil ASA and ConocoPhilips fields. For 2014, fields such as Eni SpA, ConocoPhilips and Lundin Petroleum AB will be the main destinations for investment.

Due to high activity in the oil and gas industry, Norway is now looking for talent for their new projects in the oil industry. Many oil companies are recruiting foreign talent through TUjobs.com, an online recruitment website that posts daily job vacancies. Here are some examples of job opportunities in Norway:

  • Sales Manager Downhole at Roxar in Stavanger
  • Technical Writer at Experis in Sør-Trøndelag
  • Director of Market and Sales at Adecco Norge AS
  • Project Engineer at Experis in Rogaland

Visit www.TUjobs.com to find out more about job opportunities in the Norwegian oil and gas industry.