The paper presents an assessment of trends for development of future discoveries in the Norwegian sector of the North Sea. The key parameters affecting decisions on commercial development of smaller marginal fields are examined. Trends in investment cost, development technology, and project economics are discussed. Technologies and strategies that are expected to have a positive impact on future developments are discussed. Development trends are considered from the perspective of future oil price changes.The information provided in the paper supports the following observations and conclusions: -There is likely to be a high level of exploration and development activity in the Norwegian North Sea over the coming decades, but the trend will be clearly toward development of smaller fields supported by existing infrastructure.-Commercial conditions for utilization of infrastructure are critical for development decisions and the selection of technology.
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