Bud's Offshore Energy (BOE)

OSLO, June 28 (Reuters) – Norway’s government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country’s strategy to extend production for decades to come.

“These are projects that will contribute to a continued high and stable output from Norway’s continental shelf as well as employment and value creation,” Minister of Petroleum and Energy Terje Aasland told a news conference.