Oslo- A record number of exploration oil wells were drilled 2008 on the Norwegian continental shelf in the wake of record high oil prices, the Norwegian Petroleum Directorate said Thursday.
Oil production from the Norwegian continental shelf is continuing to decline but 2008 oil production was almost 4 per cent higher than the agency's previous forecast.
The production increase equalled 70,000 barrels per day.
In 2008, 242.2 million standard cubic metres of oil equivalents were produced, down roughly 12 per cent compared to the record year 2004 but slightly more than in 2007.