Norway produces its oil and gas offshore in the North, Norwegian and Barents Sea basins and is the largest petroleum producer in Europe. The country first began producing hydrocarbons in the 1970s, seeing peak oil and gas production in 2004 at a rate of 4.54 million barrels of oil equivalent per day (mmboed). Approximately 75% of the country’s production derives from the North Sea, 24% from the Norwegian Sea and 1% from the Barents Sea. Current production is slightly more weighted towards gas, with gas production accounting for 2.1 mmboed in 2020 and liquids accounting for 1.7 mmboed. Norway continues to be an exporter of oil and gas and the publisher estimate over 9 billion barrels of crude oil and condensate reserves are remaining in producing and upcoming developments. Whilst for natural gas the publisher estimate over 53 trillion cubic feet (tcf) remains in producing and upcoming developments. Norway’s 2021 crude oil and condensate production is forecast to be approximately 1.8 million barrels per day (mmbd) up from 1.6 mmbd in 2020. 2021 natural gas production is up from 10.8 billion cubic feet per day (bcfd) in 2020 to 11.2 bcfd in 2021.
Scope
- Norway’s oil and gas production outlook by assets terrain, and major companies
- Key details of active and upcoming oil and gas assets in the country
- Recently licensed blocks details, licensed blocks count by company, and latest discoveries
- Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country
Reasons to Buy
- Gain a strong understanding of the Norway’s E&P sector
- Facilitate decision making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries
- Assess your competitor’s production outlook and licensed blocks count in the country
- Analyze latest M&A landscape and awarded contracts related to the country’s E&P sector
Table of Contents
- Norway Exploration and Production Sector
- Production & Development Outlook
- Exploration
- M&A
- Norway Exploration and Production Sector, Oil and Gas Production Outlook
- Norway Exploration and Production Sector, Marketed Natural Gas Production by Terrain
- Norway Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets
- Norway Exploration and Production Sector, Marketed Natural Gas Production by Assets
- Norway Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies
- Norway Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies
- Norway Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details
- Norway Exploration and Production Sector, Exploration
- Norway Exploration and Production Sector, Total Licensed Blocks
- Norway Exploration and Production Sector, Licensed Blocks by Company
- Norway Exploration and Production Sector, Exploration Details, Exploration
- Norway Exploration and Production Sector, Major Oil and Gas Discoveries
- Norway Exploration and Production Sector, Number of Oil and Gas Discoveries, 2016 - 2020
- Norway Exploration and Production Sector, Oil and Gas Discovery Details
- Recent Contracts
- Recent M&A Activity
- Appendix
- Methodology
- Coverage
- Secondary Research
- Contact The Publisher
List of Tables
Table 1: Norway, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025
Table 2: Norway, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025
Table 3: Norway, Gross Crude Oil and Condensate Production (bd), by Assets, 2016-2025
Table 4: Norway, Marketed Natural Gas Production (mmcfd), by Assets, 2016-2026
Table 5: Norway, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2016 - 2025
Table 6: Norway, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2016 - 2025
Table 7: Norway, Active and Upcoming Oil and Gas Field Assets Details
Table 8: Norway, Total Licensed Blocks, 2010-2020
Table 9: Norway, Licensed Blocks by Company, 2010-2020
Table 10: Norway, Recently Licensed Block Details
Table 11: Norway, Number of Oil and Gas Discoveries, 2016 - 2020
Table 12: Norway, Oil and Gas Discovery Details, 2016 - 2020
Table 13: Recent Contracts
Table 14: Recent M&A Activity
List of Figures
Figure 1: Norway, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025
Figure 2: Norway, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025
Figure 3: Top 10 Fields in Norway by 2020 Crude Oil Production
Figure 4: Top 10 Fields in Norway by 2020 Natural Gas Production
Figure 5: Top 10 Companies in Norway by 2020 Crude Oil and Condensate Production
Figure 6: Top 10 Companies in Norway by 2020 Natural Gas Production
Figure 7: Norway, Active and Upcoming Oil and Gas Assets by Production Start Year
Figure 8: Norway, Number of Oil and Gas Discoveries, 2016 - 2020
