$1.42 trillion at stake as oil & gas production ebbs away: Norway urged to pick up the pace of exploration and tech advancement

Transocean Enabler rig drilled one of Equinor's recent wells (for illustration purposes); Credit: Jan Arne Wold/Equinor

Over $1.42 trillion is said to be at risk of being lost if Norway does not step up its search for remaining hydrocarbon resources on the Norwegian Continental Shelf (NCS) and takes advantage of new technology to boost production levels.