The total net petroleum production oil gas lng and

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Unformatted text preview: l recovery. This gas can be produced at a later stage. Figure 1. Developments in Norwegian oil production since 1970 Source: Norwegian Ministry of Petroleum and Energy. Available on: <www.regjeringen.no/nb/dep/oed, 2007>. In Figure 2 we see clearly that Norwegian oil production has decreased by 28% from the year 2000. The total net petroleum production (oil, gas, LNG and condensate) has decreased since 2004. 14 © Ifri F. Harbo / The European Gas and Oil Market Figure 2 Source: Norwegian Petroleum Directorate, 12.07.2007. Norwegian oil industry Today, there are 51 active oil and gas fields on the Norwegian continental shelf, and even after 35 years of production, the Norwegian Petroleum Directorate believes that Ekofisk still has the largest reserves. In 2006, Norway produced 2.8 million bpd of oil, or 3.5% of world production, whereas exports amounted to 2.5 million bpd. Figure 3. Norway: Production, consuption and exports 4 (Norwegian oil production, million bpd) 3 2 1 0 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 15 © Ifri F. Harbo / The European Gas and Oil Market Source: The Oil Drum: Europ...
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