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Oil's cost-squeeze generates output dividend for Norway

Norwegian producers pumped 85,000 barrels more crude a day than expected during the past two years, or 6 per cent above forecast, according to the Norwegian Petroleum Directorate.


COST cuts are painful, but for Norway's oil industry making every penny count has also yielded a surprising production windfall.

Thanks to improvements from cheaper, faster drilling to greater regularity in the operation of production platforms, producers pumped 85,000 barrels...

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