Klatrefasen

Klatrefasen, also known as the "Klatrefasen" or "Klatrefase," is a term used in the context of the Norwegian oil industry to describe a period of significant economic downturn and reduced activity. The term is derived from the Norwegian word "klatre," which means "to climb," and refers to the industry's historical pattern of experiencing cycles of growth and decline. The klatrefasen typically follows a period of high oil prices and increased activity, and is characterized by lower oil prices, reduced production, and a decrease in the number of workers in the industry. The klatrefasen can have significant economic and social impacts on the regions and communities that rely on the oil industry for employment and economic activity. The term is often used in discussions about the future of the Norwegian oil industry and the potential for a transition to a more sustainable and diversified economy.