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Norway's oil production in barrels daily 2000-2018
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Norway's oil production in barrels daily 2000-2018
Oil production in Norway from 2000 to 2018 (in 1,000 barrels per day)
by Ian Tiseo,
last edited
Aug 9, 2019
Oil production in Norway saw a noticeable decline between 2001 to 2013, dropping from 3.4 million barrels per day to 1.8 million. Since then, production experienced a slight recovery and amounted to slightly under two million barrels by 2017. Despite an overall decline during this period, production in the future is expected to increase. In the first quarter of 2019, Norway made five oil and gas discoveries in its territories.
Global context
Whilst Norway is not one of the biggest oil producing countries in the world, meeting around two percent of the global oil demand, it is still an important exporter. In fact, most of the oil that is produced on the Norwegian shelf is exported and represents a significant source of the country’s revenue. In 2018, 33.3 billion U.S. dollars’ worth of crude oil was exported. This was an increase of around seven billion dollars from the previous year. In 2017, approximately 66.67 million metric tons of crude oil were exported from Norway via pipelines and ships.
Depleting North Sea reserves
As of 2017, Norway’s oil reserves amounted to one billion metric tons, a decline of 0.3 billion metric tons when compared to the turn of the century. The North Sea is Norway’s most explored territory, with approximately 65 fields. However, potentially 50 percent of Norway’s undiscovered resources are located in the Barents Sea.
Oil production in Norway from 2000 to 2018 (in 1,000 barrels per day)
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by Ian Tiseo,
last edited
Aug 9, 2019
Oil production in Norway saw a noticeable decline between 2001 to 2013, dropping from 3.4 million barrels per day to 1.8 million. Since then, production experienced a slight recovery and amounted to slightly under two million barrels by 2017. Despite an overall decline during this period, production in the future is expected to increase. In the first quarter of 2019, Norway made five oil and gas discoveries in its territories.
Global context
Whilst Norway is not one of the biggest oil producing countries in the world, meeting around two percent of the global oil demand, it is still an important exporter. In fact, most of the oil that is produced on the Norwegian shelf is exported and represents a significant source of the country’s revenue. In 2018, 33.3 billion U.S. dollars’ worth of crude oil was exported. This was an increase of around seven billion dollars from the previous year. In 2017, approximately 66.67 million metric tons of crude oil were exported from Norway via pipelines and ships.
Depleting North Sea reserves
As of 2017, Norway’s oil reserves amounted to one billion metric tons, a decline of 0.3 billion metric tons when compared to the turn of the century. The North Sea is Norway’s most explored territory, with approximately 65 fields. However, potentially 50 percent of Norway’s undiscovered resources are located in the Barents Sea.
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- Release date
- June 2019
- Region
- Norway
- Survey time period
- 2000 to 2018
- Supplementary notes
-
According to the source, oil production includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas, where this is recovered separately). Excludes liquid fuels from other sources such as biomass and coal derivatives.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.
This statistic was assembled using several editions of the report.
Source
- Show sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- June 2019
More information
- Region
- Norway
- Survey time period
- 2000 to 2018
- Supplementary notes
-
According to the source, oil production includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas, where this is recovered separately). Excludes liquid fuels from other sources such as biomass and coal derivatives.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.
This statistic was assembled using several editions of the report.
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