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Unformatted text preview: ion are liquids, i.e.: crude oil, condensate and LNG, while the
remainder is gas. Total production in 2007 reached around 436,000 barrels
of oil equivalents per day, which corresponds to about 11% of total
Norwegian production, and 11% of ExxonMobil’s production worldwide.
ExxonMobil’s earnings in Norway in 2007 was NOK 78 billion – an increase
of 2,5% from 2006.12
Petroleum activities have contributed significantly to economic
growth in Norway, and to the financing of the Norwegian welfare state.
Over 30 years of operations, the industry has created values in excess of
NOK 5000 billion in current terms. In 2006, the petroleum sector accounted
for 25% of value creation in the country. This is twice the value creation of
the manufacturing industry and around 18 times the total value creation of
Since the petroleum industry started its activities on the Norwegian
continental shelf, enormous sums have been invested in exploration, field
development, transport infrastructure, and land facilities. At the end of
2006, this amounted to some NOK 2000 billio...
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This document was uploaded on 03/30/2014.
- Summer '14