Minister - Norway Must Move Away From Oil Exporter Status - BOE Production Off 10% 2004-2007

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Oslo - Norway has to prepare for a shift from being a major oil producer as production is no longer growing, Petroleum and Energy Minister Aslaug Haga said Monday.

At a joint briefing about the 2007 oil and gas year, director Bente Nyland of the Norwegian Petroleum Directorate noted that oil production on the Norwegian continental shelf in 2007 was slightly lower than in 2006 while gas production increased.

In 2007, 237.8 million standard cubic metres of oil equivalents were produced, down 10 per cent compared to the record year 2004.

In 2007, four new oil and gas fields went into production, Nyland said

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http://news.monstersandcritics.com/business/news/article_1386574.php/Norway_faces_challenges_as_oil_production_no_longer_grows