OSLO, June 4 (Reuters) - Norwegian oil and gas investment, a
key economic driver, will rise less than previously expected
this year and decline sharply in 2021, an industry survey by the
national statistics agency (SSB) showed on Thursday.
The closely watched forecasts, based on data from oil
companies working in Norway, show 2020 investment plans have
been cut to 180.3 billion Norwegian crowns ($19 billion) from
185.4 billion seen in February.
In 2019, investment stood at 177.5 billion crowns, SSB said.
Next year, investment in Norway's oil sector is now
projected at 145.6 billion crowns, compared to a forecast of 152
billion three months ago, SSB said.
($1 = 9.4754 Norwegian crowns)
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)