Country report
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71 Pages

Norway upstream summary


Norway upstream summary

Report summary

Norway is Europe's largest oil and gas producer - currently produces around 2 million b/d of liquids and 11.5 bcfd of gas, of which over 25% come from the giant Troll field. The vast majority of its gas production is exported to continental Europe and the UK, as the domestic market is very small. Most of the state income from the oil and gas industry is put into the Government Pension Fund of Norway.Norway's remaining commercial reserves are estimated at 22 billion boe - The ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 2.76 MB 71 Pages, 30 Tables, 24 Figures
  • Country Overview XLS - 1.10 MB

Description

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 issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary 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
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Central North Sea
    • Northern North Sea
    • Mid Norway Shelf
    • Barents Sea
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Success rates
    • Yet-To-Find
  • Reserves and resources
  • Production
    • Oil/Liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Pipelines
      • Terminals
      • Refineries
    • Gas infrastructure
      • Pipelines
      • Gassled
      • Future Developments
      • Terminals
      • LNG Processing
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
      • Ministry of Petroleum and Energy:
      • Norwegian Petroleum Directorate:
      • The Petroleum Safety Authority (PSA - Petroleumstilsynet)
      • Climate and Pollution Agency
    • State participation
      • Statoil and SDFI
      • Petoro AS
      • Gassco AS
    • Licensing
      • Exploration Licence
      • Production Licence
      • Awards in Predefined Areas
      • Frontier Round
      • Applications
    • Pre-qualification process for new entrants
    • Commerciality and Development Approval
    • Norway - UK Cross Border Framework Agreement
    • Third Party Access to Facilities
    • Reporting guidelines for oil companies
    • The Integrated Management Plan
    • Carbon Capture and Storage (CCS)
      • Current schemes
  • Fiscal terms
    • Overview
      • Environmental taxes
      • Mid/Downstream
      • Pipelines
      • Gas Utilisation
      • Concessions
      • State Participation
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Signature bonuses
      • Production bonuses
      • Ring Fencing
      • Area rentals
      • Training fees
      • Other bonuses and fees
      • Indirect taxes
      • VAT/Sales Tax
      • Import duties
      • Social development levies
      • Royalty and other production taxes
      • Royalty
      • Export Duty
      • Other production taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Product Pricing
      • Liquids pricing
      • Natural gas pricing
      • Corporate Income Tax
      • Tax Rate
      • Payment schedule
      • Taxable Income
      • Depreciation
      • Decommissioning Cost Deductions
      • Investment uplift/credit
      • Loss Carry Forward
    • Additional Profits Taxes / Special Tax
      • Tax Rate
      • Taxable Income
      • Dividend Withholding Tax
      • Other Tax Treatments
      • Leasing of Facilities
    • Sample Cash Flow
    • Methodology
    • Transfer of a licence interest
      • Pre-1980
      • 1980s
      • 1990s
      • 2000s
      • Historical Carry and Reimbursement
      • Historic area fee changes
      • Historical uplift regulations
      • Historical Royalty

In this report there are 54 tables or charts, including:

  • Executive summary
    • Liquids production by region
    • Gas production by region
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Liquids and Gas Production 2016
    • Capital Expenditure 2016
    • Net Acreage 2017
  • Geology
    • Central & Northern North Sea - structural/topographic map
    • Norwegian & Barents Sea - structural/topographic map
    • Barents Sea basins
  • Exploration
    • Licence activity
    • Exploration: Table 1
    • Drilling activity by well type (to publish date)
    • Exploration Drilling by Region (to publish date)
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Total remaining commercial liquid reserves by region at 01/01/2016 (p+p)
    • Total remaining commercial gas reserves by region at 01/01/2016 (p+p)
    • Reserves and resources: Table 3
    • Reserves and resources: Table 4
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids production by region
    • Production: Table 3
    • Production: Table 4
    • Liquids Production by Development Status
    • Production: Table 5
    • Production: Table 6
    • Production: Table 7
    • Production: Table 8
    • Gas production by region
    • Production: Table 9
    • Production: Table 10
    • Gas production by development status
    • Production: Table 11
    • Production: Table 12
  • Infrastructure
    • Norwegian oil pipelines and terminals in the Central North Sea
    • Norwegian oil pipelines and terminals in the Northern North Sea
    • Norwegian gas pipelines and terminals in the Northern and Central North Sea
    • Norwegian gas pipelines and terminals in Mid Norway
    • Infrastructure: Table 1
    • Infrastructure: Table 2
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
  • Fiscal terms
    • Current fiscal terms
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Historical background
    • Fiscal terms: Table 5
    • GEM models
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