Fakta 2005

Ministry of Petroleum and Energy www.mpe.dep.no

Fakta 2005


Kapittel 1


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


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


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 %


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


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


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


Kapittel 2


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


Kapittel 3


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


Kapittel 4


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 %


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


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


Lifetimes for selected fields

Source: NPD


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


kapittel 6


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


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 %


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 %


kapittel 7


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


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



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


kapittel 8


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.


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.


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.


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


Emissions to the air

Diffusive emissionsGas turbine

exhaust

Well testing

Gas flaring

Diesel fuelexhaust

Gas venting


Discharges to the sea

Seewage/house-hold effluents

DrainsDrillingdischarges

Displacement water

SpillCooling water

Produced water


kapittel 9


Petroleumsressursar og uvissa i estimataper 31.12.2004

Source: NPD


appendix


The net government cash flow from petroleum activities


-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


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


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


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

Fakta 2005

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