Norway Oil Lobby's 2015 Outlook is Dim

Norwegian oil and gas investments will fall to around 197 billion crowns ($28.9 billion) next year from 221 billion crowns in 2014, the Norwegian Oil and Gas Association, the industry's lobby group said on Tuesday.

Oil investments will then level out and hold between 190 billion crowns and 205 billion crowns per year throughout 2019, the association said in a report.

Investments are seen at 192 billion crowns in 2016, 190 billion in 2017, 205 billion in 2018 and 198 billion in 2019, when measured in 2014 crowns.

Reporting by Gwladys Fouche