Norwegian petroleum

Since the start in 1971, oil and gas have been produced from 125 fields on the Norwegian shelf. At the year-end of 2024, 94 fields were in production.

At the year-end of 2024, there were 78 discoveries that are 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 2024. This includes taxes, fees, dividend and SDFI.

Norway's production was about 240 mill. Sm³ o.e. in 2024. More than half of the volume was gas.

The export value of crude oil, natural gas and condensate in 2023. This equals over 60 per cent of the total value of Norway’s exports of goods.

Investments in the petroleum sector accounted for about 1/5 of the total investments in productive capital in Norway in 2024.

Total petroleum resources are estimated at 15.6 billion Sm³ o.e. 56 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 2021 was about 200 000 people.