Norwegian petroleum

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

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.

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 233 mill. Sm³ o.e. in 2023. Half part of the volume is natural 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 1/6 of total investments in productive capital in Norway in 2023.

Total petroleum resources are estimated at 15.6 billion Sm³ o.e. 55 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.