Oil and Gas
Published under: Stoltenberg's 2nd Government
Publisher Ministry of Petroleum and Energy
The petroleum industry is Norway's largest industry. Today Norway is the 8th largest producer of oil and the 3rd largest producer of gas in the world.
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.
The service and supply industry is Norway’s second-largest industry measured in terms of turnover, after the oil and gas industry, and includes more than 1 250 companies. After more than 40 years of petroleum activities, the industry has developed cutting-edge expertise and is internationally competitive.
Norway is the third largest gas exporter in the world. Nearly all Norwegian gas is sold on the European market.
The content about Norwegian petroleum activities is updated. The website is also improved to give a better user experience and overview of contents, especially on mobile phones.
The Government hereby invites oil companies to nominate blocks for the 24th licencing round on the Norwegian continental shelf. The numbered licencing rounds cover frontier areas opened for petroleum activities, with the greatest potential for large discoveries.
Norwegian gas accounts for about a quarter of the gas consumption in the EU. New projections show that Norway will be able to supply flexible and reliable gas for many decades, gas that offers an opportunity for affordable and efficient emission cuts in Europe. However, clear market signals from the EU are important when future gas export solutions from our High North shall be decided.
The white paper - Report to the Storting 28 (2010-2011) is translated into english
NorwegianPetroleum.no is published by the Ministry of Petroleum and Energy and the Norwegian Petroleum Directorate, and is a user-friendly, fact-based website where interested readers can learn more about Norwegian petroleum history, current activity, outlook and framework conditions.