Norway says 'scary' offshore costs must come down

The cost of oil and gas exploration and production off Norway is "scary" and must be reduced if the country aims to develop more fields, its oil and energy minister said on Tuesday.
"Cost developments on the Norwegian continental shelf over the past few years are, in my view, scary. The numbers are too high and pose a challenge," Terje Riis-Johansen told an oil seminar in the Norwegian capital.
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Source: Reuters