Value of Norway's Oil & Gas Stakes down 34% Since 2014

Source: Reuters 6/13/2016, Location: Europe

The Norwegian state's direct financial interest (SDFI) in oil and gas licenses on the Norwegian continental shelf has decreased by 34 percent since 2014 as low oil prices have taken a toll, an external evaluation done for the Oil Ministry showed.

"The SDFI portfolio has since last valuation as of (January 1) 2014 been subject to weak oil and gas prices, reduced free cash flow, but also lower costs," Rystad Energy, the consultancy behind the report, said.

The report showed the value of the SDFI had dropped to 810 billion Norwegian crowns ($97.92 billion) from a previous estimate of 1.23 trillion crowns.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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