Country report

Norway upstream summary

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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 contains

  • Document

    Country Overview

    PDF 2.76 MB

  • Document

    Country Overview

    XLS 1.10 MB

  • Document

    Country Overview

    ZIP 3.60 MB

  • Document

    Executive summary

    PDF 107.32 KB

  • Document

    Key facts

    PDF 66.13 KB

  • Document

    Location maps

    PDF 511.67 KB

  • Document

    Key companies

    PDF 115.97 KB

  • Document

    Geology

    PDF 734.91 KB

  • Document

    Exploration

    PDF 168.27 KB

  • Document

    Reserves and resources

    PDF 145.30 KB

  • Document

    Production

    PDF 190.76 KB

  • Document

    Infrastructure

    PDF 1.19 MB

  • Document

    Costs

    PDF 97.02 KB

  • Document

    Policy and regulation

    PDF 108.89 KB

  • Document

    Fiscal terms

    PDF 172.59 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Central North Sea
    • Northern North Sea
    • Mid Norway Shelf
    • Barents Sea
    • Licensing
      • Drilling activity
      • Success rates
    • Yet-To-Find
  • Reserves and resources
    • Oil/Liquids
    • Gas
    • Key legislation
      • Ministry of Petroleum and Energy:
      • Norwegian Petroleum Directorate:
      • The Petroleum Safety Authority (PSA - Petroleumstilsynet)
      • Climate and Pollution Agency
      • Statoil and SDFI
      • Petoro AS
      • Gassco AS
      • 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
      • Current schemes
      • 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
      • Tax Rate
      • Taxable Income
      • Dividend Withholding Tax
      • Other Tax Treatments
      • Leasing of Facilities
    • Sample Cash Flow
    • Methodology
      • Pre-1980
      • 1980s
      • 1990s
      • 2000s
      • Historical Carry and Reimbursement
      • Historic area fee changes
      • Historical uplift regulations
      • Historical Royalty

Tables and charts

This report includes 54 images and tables including:

Images

  • Liquids production by region
  • Gas production by region
  • Country map
  • Remaining Commercial and Technical Reserves at 01/01/2017
  • Liquids and Gas Production 2016
  • Capital Expenditure 2016
  • Net Acreage 2017
  • 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)
  • Central & Northern North Sea - structural/topographic map
  • Norwegian & Barents Sea - structural/topographic map
  • Barents Sea basins
  • Licence activity
  • Liquids production by region
  • Liquids Production by Development Status
  • Gas production by region
  • Gas production by development status
  • 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
  • Drilling activity by well type (to publish date)
  • Exploration Drilling by Region (to publish date)
  • Technical and Commercial Success Rates

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Exploration: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Production: Table 5
  • Production: Table 6
  • Production: Table 7
  • Production: Table 8
  • Production: Table 9
  • Production: Table 10
  • Production: Table 11
  • Production: Table 12
  • Current fiscal terms
  • Fiscal terms: Table 3
  • Historical background
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 2
  • Fiscal terms: Table 5
  • GEM models

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