Revus has been taken over by Wintershall and Noreco remains independent. What will the future bring?
Scott Kerr, CEO of Noreco yesterday presented at the NPF conference titled 'Revus has been taken over by Wintershall and Noreco remains independent. What will the future bring?'. In his presentation, Scott Kerr made the following observations on the Norwegian oil and gas industry structure · The E&P 'majors' will focus on extracting maximum from existing fields and substantial exploration opportunities · Other international E&P companies will continue to grow in Norway, but a number will exit · More consolidation will come about in the E&P industry in the North Sea