The Petroleum industry of Norway Russian State University

The Petroleum industry of Norway Russian State University of Oil and Gas named after Gubkin Chevichalov Alexey & Kuznetsova Olga

The Petroleum industry of Norway Today we’ll consider: History of the petroleum industry It’s role in the national economy Resourses Oil & Gas production and refining

Norway GDP - $ 246, 9 bln (45 th in the world) GDP per capita - $ 42, 300 (5) GDP growth – 3, 9 % Budget revenues - $ 176, 1 bln expenditures – $ 131, 3 bln Source: Statistics Norway

History of the petroleum industry Ekofisk Summer 1969 – discovery of Ekofisk by Philips petroleum company Norway 15/06/71 – first production 2001 – Ministry of culture named Ekofisk as national cultural monument (? )

Role in the national economy Petroleum industry $ 103, 8 bln $ 82, 4 bln ¼ of GDP 41, 8 % 2, 0 % 13, 4 % 61% of export 42, 8 % 39, 1 % 1/3 of budget 2, 2 % 15, 4 % revenues 43, 3 % Source: Statistics Norway

Oil Export 2005 Norway covers nearly 16 % of EU demand (94, 5 mln tn of 610) Source: BP World Energy Statistics

Gas Export 2005 Norway covers nearly 20, 5 % of EU demand (76, 5 bcm of 371, 5) Source: BP World Energy Statistics

Resources Norway has got 18 th biggest oil reserves in the world – 9, 7 bln bbl (1, 3 bln tones) in 2005 Country’s gas reserves are 16 th world biggest – 2, 41 thrillion cubic metres in 2005 163, 6 bln tones 179, 83 thr cm Source: BP World Energy Statistics

Resources Still 40 % of discovered resoures to produce further Undiscovered resourses of continental shelf accounts for 7, 3 bln bbl Source: Statistics Norway

Oil reserves Source: BP World Energy Statistics

Gas reserves Source: BP World Energy Statistics

Resources 2 biggest producing fields – Troll and Ekofisk – have got 20% of total oil reserves and give up to 20% of total oil output 3 biggest gas producing fields – Troll, Oseberg and Asgart – have got 57% of total gas reserves and give up to 50% of total gas output Source: Statistics Norway

Resources Ekofisk (1971) – the major oil producing field. Oil production in 2005 – 15, 4 mln tones (10% of Norway production) Initial recoverable reserves – 502 mln tones Residual recoverable reserves – 160 mln (33, 8% of initial, 4, 4% of country’s present) R/P ratio in 2005 – 10, 4 Gas production in 2005 – 3 bcm (2, 3% of Norway production) Source: Statistics Norway

Resources Troll (1990) – the major gas producing field. Gas production in 2005 – 29. 3 bcm (22, 3% of Norway production) R/P ratio in 2005 – 37. 03 Initial recoverable reserves – 1, 325 bcm Residual recoverable reserves – 1, 085 bcm (81, 9% of initial, 46, 6% of country’s present) Source: Statistics Norway

Oil & Gas production Norway is the 9 th largest oil producer with 2, 969 mbpd (3, 7% of the world oil production) Source: BP World Energy Statistics

Oil & Gas production Norway is the 7 th largest gas producer with 85 bcm (3, 1 % of the world gas production) Source: BP World Energy Statistics

Oil & Gas production Source: BP World Energy Statistics

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