OPINION: The good times have returned to Norway’s oil and gas sector judging by a string of announcements in recent weeks about planned field developments, the results of an exploration licensing round, and the country’s strong production performance in 2022.

The choice event was the pre-Christmas announcement by Aker BP that it had submitted 11 field development plans worth close to Nkr200 billion (US$20 billion) of investments.

The economic spinoffs of a total 17 new projects will be significant for Norway's oilfield services industry, and for the country's public purse.