Norway's oil production in barrels daily 2000-2018

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

Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

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.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Russian oil industry"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.