Country Report

Norway upstream summary

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14 August 2020

Norway upstream summary

Report summary

Norway is Europe's largest oil and gas producer - production is expected to reach 2 million b/d of liquids and 11 bcf/d of gas in 2020, 30% of which comes 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 reserves are estimated at 21 billion boe - the Norwegian ...

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
      • Drilling activity
      • Success rates
    • Yet-To-Find
  • Reserves and resources
    • Oil/Liquids
    • Gas
    • Introduction
    • Oil infrastructure
      • Pipelines
      • Terminals
      • Refineries
    • Gas infrastructure
      • Pipelines
      • Gassled
      • Future Developments
      • Terminals
      • LNG Processing
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Regulatory body
      • Ministry of Petroleum and Energy
      • Norwegian Petroleum Directorate
      • The Petroleum Safety Authority (PSA - Petroleumstilsynet)
      • Norwegian Environment Agency (Miljodirektoratet)
    • 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
    • Overview
    • Upstream
      • New temporary terms
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • Basis
      • Government equity participation
      • Ring fencing
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Corporate income tax
    • Special tax
      • Fiscal treatment of decommissioning
      • Product pricing
    • Transfer of a licence interest
    • Historical background
      • 1992 tax reform
      • 2001 tax reform
      • Historical government equity participation
      • Historical area rentals changes
      • Historical royalty
      • Historical fiscal treatment of decommissioning

Tables and charts

This report includes 58 images and tables including:

  • Liquids production by region
  • Gas production by region
  • Key facts: Table 1
  • Country map
  • Reserves and contingent resources at 01/01/2020
  • Liquids and Gas Production 2020
  • Capital Expenditure 2020
  • Net Acreage 2020
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Liquid Reserves by Sector
  • Gas Reserves by Sector
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Central & Northern North Sea - structural/topographic map
  • Norwegian & Barents Sea - structural/topographic map
  • Barents Sea basins
  • Licence activity
  • Exploration: Table 1
  • 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
  • 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
  • Concessions
  • Fiscal terms: Table 6
  • Capital uplift
  • Drilling activity by well type (to publish date)
  • Exploration Drilling by Region (to publish date)
  • Sub-commercial and Commercial Success Rates
  • 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 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Sample Cash Flow
  • Fiscal terms: Table 9
  • Fiscal terms: Table 10

What's included

This report contains:

  • Document

    Country Overview

    PDF 23.68 MB

  • Document

    Country Overview

    XLS 838.00 KB