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In May 1963, Norway declared that any oil found off its coast would belong to Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the North Sea. In April 1965 Norway opened the first round of exploration drilling licences, with 22 in 78 areas. [citation needed] Esso received three exploration ...
Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway. With North Sea oil production having peaked, disagreements over exploration for oil in the Barents Sea, the prospect of exploration in the Arctic, as well as growing international ...
This was the largest decrease of any oil-exporting nation in the world, and has led to Britain becoming a net importer of crude for the first time in decades, as recognized by the energy policy of the United Kingdom. Norwegian crude oil production as of 2013 is 1.4 mbpd. This is a more than 50% decline since the peak in 2001 of 3.2 mbpd.
This was the first discovery of oil after the drilling of over 200 exploration wells in the North Sea "triggered" by the Groningen gas field discovery. [2] In 1971, Phillips started producing directly to tankers from four subsea wells. [3] Oil production is planned to continue until 2048; [4] concessions given, yet expected to continue beyond ...
Aker BP ASA is a Norwegian oil exploration and development company focusing on petroleum resources on the Norwegian Continental Shelf. [3] It is present all over Norway. The headquarters are in Fornebu with additional offices in Trondheim, Stavanger and Harstad. The company employs a staff of more than 2,400. [needs update]
The Johan Sverdrup oil field (Sverdrup Field) is an oil field in the North Sea, about 140 kilometres (87 mi) west of Stavanger, Norway. [1] The field lies in two different production licenses and consists of two different discoveries called Avaldsnes (where Aker BP is the operator) and Aldous Major South (where Statoil - now known as Equinor - is the operator).
Oseberg (Norwegian: Osebergfeltet) is an offshore oil field with a gas cap in the North Sea located 140 km (87 mi) northwest of the city of Bergen on the southwestern coast of Norway. [1] The field, which is 25 km long by 7 km wide, [ 2 ] was discovered in 1979 and its development is known to be one of the significant milestones in emergence of ...
Pages in category "Oil companies of Norway" ... InterOil Exploration and Production; K. ... History of Statoil (1972–2007)