Country report
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16 Pages

Norway oil supply summary

Norway oil supply summary

Report summary

Norway is still a major exporter of oil/NGL and accounts for just over half of overall European output. Liquids production peaked in 2001 at 3.40 million b/d and output has fallen steadily since, reaching 1.84 million b/d in 2013. Looking forward, production is expected to recover slightly and remain broadly flat over the remainder of the decade.  The Johan Sverdrup discovery should lead to a temporary secondary peak for production before steady decline once more takes hold.

What's included?

This report includes 1 file(s)

  • Norway oil supply summary PDF - 1.85 MB 16 Pages, 3 Tables, 9 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Policy and regulation
    • Political framework
  • Supply
    • Risk and uncertainties
    • Commercial developments
    • Onstream and under development
      • Commercial adjustment
    • Probable developments
    • Reserves growth
    • Other discoveries
    • Yet-to-find
  • Infrastructure
  • Quality
    • Marketed blends
    • Crude quality outlook

In this report there are 12 tables or charts, including:

  • Executive summary
    • Oil/NGL production outlook and world ranking to 2030
  • Policy and regulation
  • Supply
    • Risks to production
    • Overall oil/NGL production outlook to 2030
    • Key commercial fields (producing and under development)
    • Key probable developments
    • Forecast exploration drilling activity and oil/NGL discovery rates
  • Infrastructure
    • Norwegian North Sea oil/NGL infrastructure
    • Mid-Norwegian oil/NGL infrastructure
    • Infrastructure: Image 3
  • Quality
    • Key crude streams and characteristics in 2014
    • Main crude streams and loading points
    • Annual crude quality distribution
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