Norwegian petroleum

Since the start, 119 fields on the Norwegian shelf have produced oil and gas. At year-end 2021, 94 fields were in production.

At year-end 2021, about 88 discoveries were being considered for development. Most of them are small and will be developed as satellites to established fields.

The government’s estimated total net cash flow from petroleum activities in 2023. This includes taxes, fees, dividend and SDFI.

Norway's production was about 231 mill. Sm³ o.e. in 2021. About half of the volume is natural gas.

The export value of crude oil, natural gas and condensate in 2021. This equals 60 per cent of the total value of Norway’s exports of goods.

Investments in the petroleum sector accounted for about 1/5 of total investments in productive capital in Norway in 2021.

Total petroleum resources are estimated at 15.9 billion Sm³ o.e. Only 50 per cent has been produced, sold and delivered.

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

Total employment in the petroleum sector in 2020 was about 200 000 people.