Companies invested in the oil and gas sector offshore Norway said Tuesday that the time to invest is now as the region faces a period of field maturation. “The Norwegian continental shelf still holds a lot of potentials, however securing value creation and thousands of jobs for the decades to come is not an easy task,” Arne Sigve Nylund, the executive vice president for development and production at Norwegian energy major Equinor, said in a statement. The company said it’s on pace to keep producing oil and gas from the region at a profitable level until 2030. From then on, offshore Norway enters a maturation phase and may require heavy investments to stay in production. “We need to start now,” Nylund said. “After 2022, […]