Norway upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Equinor
- Norway State Direct Financial Interest (DFI)
- Gassco
-
Other investors
- Majors
- Other selected IOCs
- Norwegian focused players
- Selected others
-
Geology
- Introduction
- Central North Sea
- Northern North Sea
- Mid Norway Shelf
- Barents Sea
-
Exploration
- Licensing
-
Drilling
- Drilling activity
- Summary 1966-2017
- Summary 2018+
- North Sea
- Mid Norway
- Barents Sea
- Success rates
- Yet-To-Find
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
- Introduction
-
Oil infrastructure
- Key pipelines
- 1975-1999
- 2000-2009
- 2010-onwards
- Terminals
- Refineries
-
Gas infrastructure
- Key pipelines
- 1975-1999
- 2000-2010
- 2010-present
- Gassled
- Future Developments
- Terminals
- LNG processing
-
Costs
-
Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- The Petroleum Taxation Act (1975)
- The Petroleum Act (1996)
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Regulatory body
- Ministry of Energy (MPE)
- Norwegian Offshore Directorate (NOD)
- Norwegian Ocean Industry Authority (Havtil)
- Norwegian Environment Agency (Miljodirektoratet)
- State participation
-
Licensing
- Exploration Licence
- Production Licence
- Awards in Predefined Areas
- Frontier Round
- Applications
- Pre-qualification process for new entrants
- Scope 3 emission assessment and PDO amendment consultations
- Commerciality and Development Approval
- Norway - UK Cross Border Framework Agreement
- 5 more item(s)...
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Key legislation
-
Fiscal terms
- Overview
- Upstream
-
Mid/Downstream
- Pipelines
- Gas utilisation
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Current fiscal terms
- Basis
- Government equity participation
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax
-
Special tax
- Temporary terms
- Fiscal treatment of decommissioning
- Product pricing
- Transfer of a licence interest
-
Historical background
- 2022 tax reform
- 2001 tax reform
- 1992 tax reform
- Historical government equity participation
- Historical area rentals changes
- Historical royalty
- Historical corporate income tax
- Historical special tax
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- Liquids production by region
- Gas production by region
- Key facts: Table 1
- Country map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Liquid Reserves by Sector
- Gas Reserves by Sector
- Reserves and resources: Table 3
- Central & Northern North Sea - structural/topographic map
- Norwegian & Barents Sea - structural/topographic map
- Barents Sea basins
- 41 more item(s)...
What's included
This report contains:
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