Figures have shown investment in the oil and gas sector in Norway will continue to decrease in 2017 as the sector continues to adjust to a challenging market place.
Statistics Norway said fresh numbers had emerged for 2016 which showed total investments covering oil and gas, manufacturing, mining, quarrying and electricity supply are expected to amount to NOK216.5billion in current value.
This is 9.9% lower than the corresponding figure for 2015.
The decline is mainly due to a significant fall of 14.8% within oil and gas but was partly offset by higher investments in electricity supply and manufacturing.
Meanwhile, the first investments for 2017 show that total investments are expected to amount to NOK200.6billion.
This is 14.6% lower than the corresponding figure for 2016 with the decline mainly due to a significant fall within oil and gas and manufacturing.