«Equipment and technologies for oil and gas complex»

Oil and gas sector state of Norway: past, present and future

UDC: 338.45:622.323(481.1)+504.064.4(481.1)
DOI: -

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: Norway, oil, natural gas, production, shelf, export

Annotation:

The oil and gas industry is a key one to Norway's budget. The country is one of the world's leading oil and gas producer, being a leader in the extraction and export of energy resources. Commercial oil production in Norway began in the 1970s on the continental shelf of the North, Norwegian and Barents Seas. The country produces Brent crude oil at a self-cost of $20…30 per barrel. As of the end of 2024, the total volume of resources on the Norwegian shelf is about 15,6 billion m3 of oil equivalent. Almost all volumes of the produced natural gas and most part of the crude oil is exported, mainly through pipelines laid on the bottom of the North Sea. It is expected that in future, oil and gas production in Norway will gradually decrease, however, the country will remain a key supplier of energy to Europe.

Bibliography:

1. Kucherov V.G., Bessel' V.V. Otsenka global'nykh geologicheskikh resursov i zapasov nefti: mif i real'nost' // Neft. khoz-vo. – 2021. – № 10. – S. 14–18. – DOI: 10.24887/0028-2448-2021-10-14-18
2. Prirodnyy gaz kak osnova energoobespecheniya ustoychivogo razvitiya mirovoy ekonomiki / A.Yu. Serovayskiy, V.G. Kucherov, A.S. Lopatin, V.I. Bessel' // Tr. RGU nefti i gaza im. I.M. Gubkina. – 2022. – № 4(309). – S. 94–103. – DOI: 10.33285/2073-9028-2022-4(309)-94-103
3. BP Statistical Review of World Energy. – 2024. – URL: https://www.energyinst.org/statistical-review (data obrashcheniya: 30.06.2025).
4. Oil and gas in Norway – statistics & facts. – URL: https://www.statista.com/topics/11934/oil-and-gas-in-norway/#topicOverview (data obrashcheniya: 30.06.2025).
5. Norwegian petroleum. Fields. – URL: https://www.norskpetroleum.no/en/facts/field (data obrashcheniya: 30.06.2025).
6. Oil and gas fields in Norway. Industrial heritage plan. – URL: https://www.norskolje.museum.no/wp-content/uploads/2016/02/3467_321daaaf2b0644d897762f3bb73224cc.pdf (data obrashcheniya: 30.06.2025).
7. The Norwegian Petroleum Directorate. – URL: https://www.sodir.no/en/facts/geophysical-surveys (data obrashcheniya: 30.06.2025).
8. Resource accounts for the Norwegian shelf as per 31.12.2024. – URL: https://www.norskpetroleum.no/en/petroleum-resources/resource-accounts (data obrashcheniya: 30.06.2025).
9. Sustainable development of the Norwegian petroleum industry: analysis, opportunities and challenges. – URL: https://repositori.upf.edu/items/4fa448f1-00f1-41d1-818f-406fc1c2db55 (data obrashcheniya: 30.06.2025).
10. Norway Doubles Down on Oil and Gas. – URL: https://oilprice.com/Energy/Energy-General/Norway-Doubles-Down-on-Oil-and-Gas.html (data obrashcheniya: 30.06.2025).