# Norway’s Oil and Gas Industry Faces a Major Decline Without New Discoveries

- Source: OilPrice.com
- Published: 2026-11-06T17:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Energy-General/Norways-Oil-and-Gas-Industry-Faces-a-Major-Decline-Without-New-Discoveries.html
- Canonical: https://groundlevelnews.com/story/norway-s-oil-and-gas-industry-faces-a-major-decline-without-new-discov-3ef89e/

For more than half a century, Norway’s oil and gas production has been underpinned by a handful of very large discoveries, the last of which, Wisting in the Barents Sea, was made more than a decade ago. Since then, exploration on the Norwegian Continental Shelf (NCS) has increasingly focused on smaller finds close to existing infrastructure, allowing operators to bring new volumes online faster an

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