Oil and Gas
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.
- This is an important day for Norway. The Sverdrup project is by far Norway's largest industrial project, and is estimated to generate more than NOK 900 billion in future revenues to the state. The development has been of great importance during a tough period for the oil service industry. It provides jobs and ripple effects throughout the country. Phase 1 and 2 combined can create up to 150.000 man-years in the period to 2025, says Søviknes.
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.