No abstract

No abstract

No abstract

No abstract

The Norwegian petroleum sector is the country's most important industry in terms of export revenue. National production is based on offshore oilfields, which are regulated by awarding licenses to oil companies, granting companies the right to extract oil and gas. 1 The oil production process, which is capital-intensive and requires a high degree of expertise, makes the petroleum sector a natural oligopsony with a large degree of market power 1 A main operator is usually awarded leadership in the license, and other companies are incorporated as partner owners in the same license.