With 7.4 billion Sm3 o.e. left to produce and sell in Norwegian waters, according to Norsk Petroleum it is no wonder why operators are eager to extend the life of their assets in order to continue producing on their proven assets. The focus towards asset life extension has helped contribute to Norway increasing its oil and gas output for the third year straight in-a-row.
The Norwegian government has praised asset life extension as "one" of the reasons for prosperity in the region. A government official said, "The high level is in part due to good regularity on the fields, and the fact that various efficiency measures have led to substantial reductions in operating and exploration costs."