Norwegian petroleum

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

Explore the Norwegian continental shelf

Ekofisk South

Did you know that...

...the government's total net cash flow from the petroleum industry in 2023 is estimated to 673 bn. NOK?

The government's revenues

> 123 fields

Since the start, 123 fields on the Norwegian shelf have produced oil and gas. At year-end 2023, 92 fields were in production.

80 discoveries

At year-end 2023, about 80 discoveries were being considered for development. Most of them are small and will be developed as satellites to established fields.

673 bn. NOK

The government’s estimated total net cash flow from petroleum activities in 2024. This includes taxes, fees, dividend and SDFI.

233 mill. Sm3 o.e.

Norway's production was about 233 mill. Sm3 o.e. in 2023. Half part of the volume is natural gas.

1 900 bn. NOK

The export value of crude oil, natural gas and condensate in 2022. This equals 73 per cent of the total value of Norway’s exports of goods.

158 bn. NOK

Investments in the petroleum sector accounted for about 1/6 of total investments in productive capital in Norway in 2022.

45 % remains

Total petroleum resources are estimated at 15.6 billion Sm3 o.e. 55 per cent has been produced, sold and delivered.

8800 KM

The total length of the Norwegian gas pipeline network is about 8800 kilometres, which is roughly the distance from Oslo to Bangkok.

200 000

Total employment in the petroleum sector in 2021 was about 200 000 people.