The Technology for the 21st centrury The pilot and demonstration program – DEMO 2000
The Demonstration and Qualification Programme DEMO 2000 is the product of an oil price fall. In spring 1998, the price of oil fell to just over 10 dollars a barrel. Investments in new and old fields ground to a halt. The oil companies downsized their workforces and consolidated through the merger of several companies. In Norway, this trend resulted in Saga Petroleum being swallowed up by Norsk Hydro.