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Facts 2000. The Norwegian Petroleum Sector

Abstract

Petroleum production on the Norwegian continental shelf (NCS) in the North Sea, the Norwegian Sea and the Barents Sea totalled 2.7 bn scm oil equivalents (oe) up to 1998. Per December 1999, remaining reserves totalled 1.5 bn scm of oil, 1.2 bn scm oe gas and 0.2 bn scm oe of NGL/condensate. Twenty-eight exploration wells were completed or temporarily abandoned on the NCS in 1999. By 31 December 1999, 967 exploration wells had been completed or temporarily abandoned off Norway. Discoveries totalled 45-60 mill scm of oil and 45-70 bn scm of gas. Governmental approval was given in 1999 for the Tune, Borg and Sygna developments. Investment in exploration, field development and pipeline transport totalled about NOK 67 bn in 1998. Oil and gas production in 1999 was roughly on the par with 1998, while NGL/condensate sales rose by 19 per cent. The Balder, Gullfaks South, Jotun, Oseberg East, Visund and Aasgard projects came on stream during 1999. It is estimated that, with the present production rate, Norway's remaining discovered oil resources will last for 17 years, and gas, 93 years. The estimated value of Norwegian petroleum export in 1999 was NOK 168 bn, which is about 36% of the  More>>
Publication Date:
Feb 01, 2000
Product Type:
Technical Report
Report Number:
ETDE/NO-20086204
Reference Number:
EDB-01:043263
Resource Relation:
Other Information: OED Facts 2000. 16 figs., 14 tabs.; PBD: Feb 2000
Subject:
02 PETROLEUM; ENERGY; NORWAY; PETROLEUM; OFFSHORE OPERATIONS; NORTH SEA; OIL FIELDS; NATURAL GAS; BUDGETS
OSTI ID:
20086204
Research Organizations:
Olje- og Energidepartementet, Oslo (Norway)
Country of Origin:
Norway
Language:
English
Other Identifying Numbers:
Other: ISSN 1501-6412; TRN: NO0005173
Availability:
Available to ETDE participating countries only(see www.etde.org); commercial reproduction prohibited; OSTI as DE20086204
Submitting Site:
NW
Size:
195 pages
Announcement Date:
May 18, 2001

Citation Formats

None. Facts 2000. The Norwegian Petroleum Sector. Norway: N. p., 2000. Web.
None. Facts 2000. The Norwegian Petroleum Sector. Norway.
None. 2000. "Facts 2000. The Norwegian Petroleum Sector." Norway.
@misc{etde_20086204,
title = {Facts 2000. The Norwegian Petroleum Sector}
author = {None}
abstractNote = {Petroleum production on the Norwegian continental shelf (NCS) in the North Sea, the Norwegian Sea and the Barents Sea totalled 2.7 bn scm oil equivalents (oe) up to 1998. Per December 1999, remaining reserves totalled 1.5 bn scm of oil, 1.2 bn scm oe gas and 0.2 bn scm oe of NGL/condensate. Twenty-eight exploration wells were completed or temporarily abandoned on the NCS in 1999. By 31 December 1999, 967 exploration wells had been completed or temporarily abandoned off Norway. Discoveries totalled 45-60 mill scm of oil and 45-70 bn scm of gas. Governmental approval was given in 1999 for the Tune, Borg and Sygna developments. Investment in exploration, field development and pipeline transport totalled about NOK 67 bn in 1998. Oil and gas production in 1999 was roughly on the par with 1998, while NGL/condensate sales rose by 19 per cent. The Balder, Gullfaks South, Jotun, Oseberg East, Visund and Aasgard projects came on stream during 1999. It is estimated that, with the present production rate, Norway's remaining discovered oil resources will last for 17 years, and gas, 93 years. The estimated value of Norwegian petroleum export in 1999 was NOK 168 bn, which is about 36% of the country's total earnings from foreign sales. Published by the Norwegian Ministry of Petroleum and Energy, the book is a major source of information on the Norwegian offshore petroleum activities.}
place = {Norway}
year = {2000}
month = {Feb}
}