Oil and Gas
The petroleum industry is Norway's largest industry. In 2012, the petroleum sector represented more than 23 per cent of the country’s total value creation. The revenues from the petroleum sector constitute 30 percent of the state revenues. Today Norway is the 7th largest producer of oil and the 3rd largest producer of gas in the world.
Oil has been produced on the Norwegian continental shelf since the Ekofisk field opened 9 June 1971. So far we have produced about 42 percent of our resources. Thus there is still a huge potential for value creation on the Norwegian continental shelf. The Ekofisk field is still one of the largest Norwegian oil producing fields and the production will continue until 2050.
Below are several articles presenting different aspects of the oil and gas activities on the Norwegian continental shelf.