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Oil reserves in Norway 1990-2019

Published by N. Sönnichsen, Jun 18, 2020
This statistic shows the oil reserves in Norway from 1990 to 2019. In 1990, Norway's oil reserves amounted to around one billion metric tons and reached 1.1 billion metric tons at the end of 2019. The oil industry in Norway is important for the country's economy, with a strong focus on its oil exports.

Norway's oil reserves from 1990 to 2019 (in billion metric tons)

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Release date

June 2020

Region

Norway

Survey time period

1990 to 2019

Supplementary notes

Total proved reserves of oil: generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.
Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.
The figures through 2009 are taken from the Exxon report “Oeldorado 2009”.
Figures from 2010 to 2019 are taken from previous editions of BP's statistical reviews.
For clarity purposes, the figures have been rounded.

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