Norway to Continue Search for Oil, Gas, Incoming Government Says

Norway will continue to explore for oil and gas in the next four years, with most new drilling permits to come in mature regions of its oceans, the incoming government said on Oct. 13.

Victoria Klesty, Terje Solsvik and Nerijus Adomaitis, Reuters

Norway will continue to explore for oil and gas in the next four years, with most new drilling permits to come in mature regions of its oceans, the incoming government said on Oct. 13.

A minority coalition of the leftwing Labour Party and the rural Centre Party will take power on Oct. 14 after beating the ruling Conservative-led government in last month's election.

"The Norwegian petroleum industry will be developed, not dismantled," the two parties said in a joint policy document, adding that it will maintain the existing system of handing out exploration licenses.

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