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Fact Sheet 1999. Norwegian Petroleum Activity

Abstract

As discussed in this publication, petroleum resources in the order of 9.5 billion (bn) standard cubic metres (scm) oil equivalents (oe) have been discovered on the Norwegian continental shelf (NCS), 77 per cent in the North Sea, 19 per cent in the Norwegian Sea and four per cent in the Barents Sea. By the end of 1998, remaining reserves on the NCS totalled 1.6 bn scm of oil, 1.2 bn scm oe gas and 160 mill scm oe of natural gas liquids. Thirty-two exploration wells, including 21 wildcats and 11 for appraisal, were completed or temporarily abandoned on the NCS in 1998. 939 exploration wells had been completed or temporarily abandoned off Norway. In 1998 governmental approval was given for the Huldra, Snorre B phase II, Gullfaks satellites phase II and Yme Beta West. Norwegian offshore petroleum production in 1998 totalled 222.5 scm oe, including 168.9 mill scm oe of oil, 43.6 mill scm oe of gas and 10 mill scm oe of NGL/condensate. Oil production declined by 4 per cent compared with 1997, while gas sales rose by 2 per cent. The estimated value of Norwegian petroleum exports in 1998 was NOK 123 bn, or about 30 per cent  More>>
Authors:
Publication Date:
Oct 01, 1999
Product Type:
Technical Report
Report Number:
NEI-NO-1127
Reference Number:
SCA: 020200; PA: NW-99:005237; EDB-99:095130; SN: 99002144485
Resource Relation:
Other Information: PBD: 1999
Subject:
02 PETROLEUM; NORWAY; PETROLEUM; NORTH SEA; OFFSHORE OPERATIONS; OFFSHORE DRILLING; OFFSHORE PLATFORMS; ECONOMY; OIL FIELDS; NATURAL GAS FIELDS; GROSS NATIONAL PRODUCT
OSTI ID:
687901
Research Organizations:
Olje- og Energidepartementet, Oslo (Norway)
Country of Origin:
Norway
Language:
English
Other Identifying Numbers:
Other: ON: DE99764618; TRN: NO9905237
Availability:
OSTI as DE99764618
Submitting Site:
NW
Size:
194 p.
Announcement Date:

Citation Formats

Breivik, Jan. Fact Sheet 1999. Norwegian Petroleum Activity. Norway: N. p., 1999. Web.
Breivik, Jan. Fact Sheet 1999. Norwegian Petroleum Activity. Norway.
Breivik, Jan. 1999. "Fact Sheet 1999. Norwegian Petroleum Activity." Norway.
@misc{etde_687901,
title = {Fact Sheet 1999. Norwegian Petroleum Activity}
author = {Breivik, Jan}
abstractNote = {As discussed in this publication, petroleum resources in the order of 9.5 billion (bn) standard cubic metres (scm) oil equivalents (oe) have been discovered on the Norwegian continental shelf (NCS), 77 per cent in the North Sea, 19 per cent in the Norwegian Sea and four per cent in the Barents Sea. By the end of 1998, remaining reserves on the NCS totalled 1.6 bn scm of oil, 1.2 bn scm oe gas and 160 mill scm oe of natural gas liquids. Thirty-two exploration wells, including 21 wildcats and 11 for appraisal, were completed or temporarily abandoned on the NCS in 1998. 939 exploration wells had been completed or temporarily abandoned off Norway. In 1998 governmental approval was given for the Huldra, Snorre B phase II, Gullfaks satellites phase II and Yme Beta West. Norwegian offshore petroleum production in 1998 totalled 222.5 scm oe, including 168.9 mill scm oe of oil, 43.6 mill scm oe of gas and 10 mill scm oe of NGL/condensate. Oil production declined by 4 per cent compared with 1997, while gas sales rose by 2 per cent. The estimated value of Norwegian petroleum exports in 1998 was NOK 123 bn, or about 30 per cent of the country`s total earnings from foreign sales. Petroleum production and pipeline transport accounted for 12 per cent of Norway`s gross national product. Net government revenues from taxes and royalties on petroleum operations is put at 27.6 billion NOK. The publication also includes a list of white papers and a list of useful postal addresses. 23 figs., 14 tabs.}
place = {Norway}
year = {1999}
month = {Oct}
}