Norwegian petroleum

Everything you need to know about Norwegian petroleum activities
Everything you need to know about Norwegian petroleum activities

> 100 fields

Since the start, more than 100 fields have produced oil and gas on the Norwegian shelf. At year end 2017 about 85 fields were in production.

75 discoveries

At year end 2017 about 75 discoveries were being considered for development. Most of them are small and will be developed as satellites to established fields.

264 bn. NOK

The government’s estimated total net cash flow from petroleum activities in 2018. This includes taxes, fees, dividend and SDFI.

1.48 bboe

Norway's production increased to about 1.48 bboe or 236 mill. Sm3 o.e. in 2017. About half of the volume is natural gas.

442 bn. NOK

The export value of crude oil, natural gas and condensate in 2017 (2018 NOK). This equals about half of the total value of Norway’s exports of goods.

128 bn. NOK

Investments in the petroleum sector accounted for about 1/5 of total investments in productive capital in Norway in 2018.

55% remains

Total petroleum resources are estimated to 15.6 billion Sm3 o.e. Only 45 per cent of this has been produced, sold and delivered.

8800 KM

The total length of the Norwegian gas pipeline network is about 8 800 kilometres, which is roughly the distance from Oslo to Bangkok.

170 200

Total employment in the petroleum sector in 2017 was about 170 200 people. This corresponds to about 6 % of total employment in Norway.