Norway’s 2022 oil and gas output forecast close to record high – NPD

(Reuters) – Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, the Norwegian Petroleum Directorate (NPD) said on Thursday.

By 2022, the combined output of oil and gas from the country’s fields could approach record levels last seen in 2004, it added.

Oil and gas would each account for about half of production, the regulator said.