Norway's oil reserve amounted to one billion metric tons in 2020, down by 100 million metric tons in comparison to the year prior. Between 1990 and 2020, figures presented a slight oscillation, yet remained at an average of some one billion metric tons, and peaked at 1.3 billion metric tons in 2000. The oil industry in Norway is important for the country's economy, with a strong focus on its oil exports.
Proved oil reserves in Norway from 1990 to 2020*
(in billion metric tons)
* 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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BP. (July 8, 2021). Proved oil reserves in Norway from 1990 to 2020* (in billion metric tons) [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/264421/oil-reserves-in-norway-since-1990/
BP. "Proved oil reserves in Norway from 1990 to 2020* (in billion metric tons)." Chart. July 8, 2021. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/264421/oil-reserves-in-norway-since-1990/
BP. (2021). Proved oil reserves in Norway from 1990 to 2020* (in billion metric tons). Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/264421/oil-reserves-in-norway-since-1990/
BP. "Proved Oil Reserves in Norway from 1990 to 2020* (in Billion Metric Tons)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/264421/oil-reserves-in-norway-since-1990/
BP, Proved oil reserves in Norway from 1990 to 2020* (in billion metric tons) Statista, https://www.statista.com/statistics/264421/oil-reserves-in-norway-since-1990/ (last visited May 27, 2022)
