Ministry of Petroleum and Energy www.mpe.dep.no
Fakta 2005
Ministry of Petroleum and Energy www.mpe.dep.no
Kapittel 1
Ministry of Petroleum and Energy www.mpe.dep.no
Production level and start-up date for important fields
Source: NPD/MPE
0
50
100
150
200
250
300
350
1971 1978 1985 1992 1999 2006 2013 2020 2027
Crude oil NGL Gas
Ekofisk
Frigg
Statfjord
Oseberg
Sleipner Øst
Troll II, Heidrun
Troll I, Sleipner Vest
Åsgard Ormen Lange
Gullfaks
Kristin
Snøhvit
Ministry of Petroleum and Energy www.mpe.dep.no
The largest oil producers and exporters in 2004
Oil production including NGL and condensate Net oil export including NGL and condensate
Source: Petroleum Economics Ltd.
9,20
9,02
7,62
3,96
3,83
3,49
3,19
3,08
2,60
2,35
0 2 4 6 8 10
Russia
Saudi Arabia
USA
Iran
Mexico
China
Norway
Canada
Venezuela
UAE
millions of barrels/day
7,04
6,47
2,93
2,47
2,10
2,04
2,01
2,01
1,76
1,51
0 2 4 6 8
Saudi Arabia
Russia
Norway
Iran
Venezuela
Nigeria
UAE
Kuwait
Mexico
Iraq
millions of barrels/day
Ministry of Petroleum and Energy www.mpe.dep.no
Macroeconomic indicators for the petroleum sector
The petroleum sector’s share of GDP
The petroleum sector’s share of total exports
The petroleum sector’s share of total investment
The petroleum sector’s share of state revenues
Source: Statistics Norway, Ministry of Finance
21 % 28 %
47 %
24 %
Ministry of Petroleum and Energy www.mpe.dep.no
The size of the Petroleum Fund at 31.12.04 and as a share of GDP
Source: Norwegian Public Accounts, Statistics Norway
0
200
400
600
800
1000
1200
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Bill
ion
NO
K
0 %
10 %
20 %
30 %
40 %
50 %
60 %
70 %
Value of the fund as of 31.12 Share of GDP
Ministry of Petroleum and Energy www.mpe.dep.no
Production forecast
Source: NPD/MPE
Reserves
Improved recovery
DiscoveriesUndiscovered
resources
0
50
100
150
200
250
300
350
2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029
Mil
lio
n s
cm
oe
/ye
ar
Ministry of Petroleum and Energy www.mpe.dep.no
Historic investments and forecasted future investments
Source: NPD/MPE
0
10
20
30
40
50
60
70
80
90
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012
Bil
lio
n N
OK
(2
00
5-v
alu
e)
Decided projects and pipelines/onshore Not decided projects
Ministry of Petroleum and Energy www.mpe.dep.no
Kapittel 2
Ministry of Petroleum and Energy www.mpe.dep.no
Stortinget (Parliament)
The Government
Ministry of Petroleumand Energy
The NorwegianPetroleumDirectorate
Ministry of theEnvironment
The NorwegianPollution
Control Authority
Minstry of Labourand Social Affairs
The PetroleumSafety
AuthorityNorway
Ministry of Finance
GovernmentPetroleum
Fund
PetroleumTax Offices
Petoro AS
Gassco AS
Statoil ASA
Ministry of Fisheriesand Coastal Affairs
NorwegianCoastal
Administration
Statleg organisering av petroleumsverksemda
Ministry of Petroleum and Energy www.mpe.dep.no
Kapittel 3
Ministry of Petroleum and Energy www.mpe.dep.no
Exploration wells started on the NCS 1966-2004
Source: NPD
0
10
20
30
40
50
60
1966 1972 1978 1984 1990 1996 2002
Num
ber
of e
xplo
ratio
n w
ells
sta
rted
Wildcat wells Appraisal wells
Ministry of Petroleum and Energy www.mpe.dep.no
Kapittel 4
Ministry of Petroleum and Energy www.mpe.dep.no
Distribution of all production by field on the NCS
Oil production in 1995 by field Oil production in 2004 by field
Source: NPD
Oseberg18 %
Gullfaks18 %
Statfjord17 %
Ekofisk8 %
Others39 %
Statfjord4 %
Grane4 %
Oseberg5 %Heidrun
5 %
Draugen5 %
Gullfaks6 %
Snorre7 %
Troll11 %
Others39 %
Ekofisk10 %
Norne4 %
Ministry of Petroleum and Energy www.mpe.dep.no
Distribution of resources – on-stream fields
Source: NPD
-800
-600
-400
-200
0
200
400
600
800EK
OFI
SKTR
OLL
SN
OR
RE
VALH
ALL
ELD
FISK
HEI
DR
UN
OS
EBE
RG
STA
TFJO
RD
GU
LLFA
KS
GR
AN
EO
SEB
ERG
SØ
RB
ALD
ERG
ULL
FAK
S S
ØR
ÅSG
AR
DB
RA
GE
NJO
RD
DR
AU
GE
NTO
RVI
SUN
DU
LAN
OR
NE
VIG
DIS
OSE
BER
G Ø
STTO
RD
ISVE
SLEF
RIK
KG
YD
AFR
AM
STA
TFJO
RD
NO
RD
HO
DK
VITE
BJØ
RN
JOTU
NEM
BLA
VAR
GST
ATF
JOR
D Ø
STTA
MB
AR
GLI
TNE
SYG
NA
MU
RC
HIS
ON
TUN
ESK
IRN
E
Mill
scm
oil
Produced Remaining reserves Resources remaining after planned abandonment
Ministry of Petroleum and Energy www.mpe.dep.no
0
10
20
30
1971 1981 1991 2001Oil
rate
(mill
scm
per
ann
um)
0
1
2
1998 2000 2002 2004Oil
rate
(mill
scm
per
ann
um)
0
10
20
30
40
1985 1990 1995 2000 2005Oil
rate
(mill
scm
per
ann
um)
0
5
10
1985 1990 1995 2000 2005Oil
rate
(mill
scm
per
ann
um)
Production trends for the Ekofisk, Varg, Oseberg og Ula fields
Ekofisk Varg
Oseberg Ula
PDO
Actual production
Source: NPD
Ministry of Petroleum and Energy www.mpe.dep.no
Lifetimes for selected fields
Source: NPD
Ministry of Petroleum and Energy www.mpe.dep.no
Social accounts 1969-2004 for Ekofisk
Goods and services 444 billion
Taxes and levies626 billion
Employees 50 billionLenders 24 billion
Owners 132 billion
Total value creation from the Ekofisk sector to the end of 2004 (at 2004 values) was NOK 1 260 billion
Source: ConocoPhillips
Ministry of Petroleum and Energy www.mpe.dep.no
kapittel 6
Ministry of Petroleum and Energy www.mpe.dep.no
Historic and estimated Norwegian gas exports
Source: NPD/MPE
0
20
40
60
80
100
120
140
1974 1979 1984 1989 1994 1999 2004 2009 2014 2019 2024
bn s
cm
Ministry of Petroleum and Energy www.mpe.dep.no
Sales of NGL/condensate 2004*
Total 21,1 mill scm oe
Source: NPD
* by country of first destination
Belgium2,6 %
France3,8 %
Netherlands17,8 %
Norway19,8 %Turkey
3,9 %
UK4,7 %
Sweden8,5 %
Germany1,9 %
USA18,3 %
Others7,6 %
Finland2,0 %
Mexico2,2 %
Denmark6,9 %
Ministry of Petroleum and Energy www.mpe.dep.no
Norwegian natural gas exports 2004
Total 77,7 bill scm oe
Source: NPD
Belgium9,8 %
Poland0,6 %
Spain3,0 %
UK14,4 %
Italy7,6 %
Denmark0,1 %
Austria0,9 %
Czech2,7 %
Netherlands8,4 %
Germany31,8 %
France20,7 %
Ministry of Petroleum and Energy www.mpe.dep.no
kapittel 7
Ministry of Petroleum and Energy www.mpe.dep.no
The net government cash flow from petroleum activities
Source: National Accounts and National Budget
-20
20
60
100
140
180
220
260
300
1971 1975 1979 1983 1987 1991 1995 1999 2003
Bn
NO
K 2
005
valu
e
SDFI
Statoil Dividend
CO2 Tax
Royalty and Area fee
Taxes
State net cash flow
Ministry of Petroleum and Energy www.mpe.dep.no
National Budget 2005
NOK billion
Direct taxes 113,6
Royalty, CO2-tax, Area fee 4,5
SDFI 80,2
Statoil dividend 5,2
Total 203,4
Source: National Accounts and National Budget
Ministry of Petroleum and Energy www.mpe.dep.no
Calculation of petroleum tax
Operating income (norm price)
÷ Operating expenses
÷ Linear depriciation for investments (6 years)
÷ Exploration expenses
÷ CO2-tax and area fee
÷Net financial costs (limitied by the thin capitalisation rule: 20% equity)
= Corporation tax base (tax rate: 28%)
÷ Uplift (7,5% for investment for 4 years)
= Special tax base (tax rate: 50%)Source: MPE
Ministry of Petroleum and Energy www.mpe.dep.no
kapittel 8
Ministry of Petroleum and Energy www.mpe.dep.no
Emissions of taxable CO2 per produced unit
Source: NPD
0,0
10,0
20,0
30,0
40,0
50,0
60,0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
kg
s o
f C
O2 p
er
ne
t p
rod
uc
ed
sc
m o
.e.
Ministry of Petroleum and Energy www.mpe.dep.no
Emissions of NOx per produced unit
Source: MPE/NPD
0,000
0,050
0,100
0,150
0,200
0,250
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
kg
s o
f N
Ox p
er
ne
t p
rod
uc
ed
sc
m o
.e.
Ministry of Petroleum and Energy www.mpe.dep.no
nmVOC emissions per produced unit
Source: MPE/NPD
0,00
0,20
0,40
0,60
0,80
1,00
1,20
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
kg
s o
f n
mV
OC
/sc
m o
.e.
Ministry of Petroleum and Energy www.mpe.dep.no
Content of production, injection and pipeline chemicals in produced water
Source: Environment Web
0,0
20,0
40,0
60,0
80,0
100,0
120,0
140,0
160,0
180,0
200,0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
g/m
3
Ministry of Petroleum and Energy www.mpe.dep.no
Emissions to the air
Diffusive emissionsGas turbine
exhaust
Well testing
Gas flaring
Diesel fuelexhaust
Gas venting
Ministry of Petroleum and Energy www.mpe.dep.no
Discharges to the sea
Seewage/house-hold effluents
DrainsDrillingdischarges
Displacement water
SpillCooling water
Produced water
Ministry of Petroleum and Energy www.mpe.dep.no
kapittel 9
Ministry of Petroleum and Energy www.mpe.dep.no
Petroleumsressursar og uvissa i estimataper 31.12.2004
Source: NPD
Ministry of Petroleum and Energy www.mpe.dep.no
appendix
Ministry of Petroleum and Energy www.mpe.dep.no
The net government cash flow from petroleum activities
Source: National Accounts and National Budget
-20
20
60
100
140
180
220
260
300
1971 1975 1979 1983 1987 1991 1995 1999 2003
Bn
NO
K 2
005
valu
e
SDFI
Statoil Dividend
CO2 Tax
Royalty and Area fee
Taxes
State net cash flow
Ministry of Petroleum and Energy www.mpe.dep.no
Total petroleum production
Source: NPD/MPE
0
50
100
150
200
250
300
1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004
Oil NGL Gas
Ministry of Petroleum and Energy www.mpe.dep.no
Macro economic indicators for the petroleum sector
Source: Statistics Norway, Ministry of Finance
0
10
20
30
40
50
1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004
pe
rce
nt
Share of GDP Share of investmentsShare of exports Share of state revenues
Ministry of Petroleum and Energy www.mpe.dep.no
NPD’s resource classification system
8
Prospects
7FNew discoveries
that have notbeen evaluated
6
Recoverynot very
likely
5FRecovery,
likelybut notclarified
5A
4FIn the
planningphase
4A
3FLicensees
have decided
to recover3A
2FApproveddevelop-
ment and operation plan
2A
1
Inproduction
0
Sold anddeliveredpetroleum
7APossible future
measures to improvethe recovery factor
Leads and unmappedresources
Reserves
Contingentresources
Undiscoveredresources
Historicalproduction
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