Anna Spadafora

KPMG | Market Update: Oil & Gas - July 2018

Blog Post created by Anna Spadafora on Jul 20, 2018

Consolidation on the Norwegian Continental Shelf continues

Companies on the NCS are transforming from smaller exploration companies into significant entities with complete life cycle activity including exploration, development and production, hereunder operatorship. On the contrary, international oil majors continue to divest and scale down its Norwegian activity. We expect that private equity backed players and newcomers will continue its growth and further diversify the marketplace.