Oil and Gas

The petroleum industry is Norway's largest industry.

oil rig

Norway’s oil history in 5 minutes

In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea.


Licensing rounds

Licensing rounds entail that Norwegian and foreign oil companies are invited to apply for production licences for defined areas within a given deadline. Two equal licensing rounds have been established to achieve expedient exploration of both mature and frontier areas on the Norwegian shelf. All areas opened for petroleum activity can be announced in numbered licensing rounds or be included in the APA area.