Exxonmobils earnings in norway in 2007 was nok 78

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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 primary industries. 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.

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