The Oil Age Journal

Abstract

This paper updates the assessment of Norway’s future production of Regular Conventional oil and gas, as given in Campbell’s Atlas of Oil and Gas Depletion (Springer, 2013).

The paper outlines first the geography, geology and petroleum systems of Norway. It then summarises the oil and gas exploration and discovery history of the country, and gives data on oil and gas production and consumption. With these data in place it then forecasts future production of Norway’s Regular Conventional oil and gas using the methodology set out in Campbell (2015), The Oil Age 1/1, pp 9-33.

The main results of the updated model are given in tabular and graphical format, and show that Norway’s production of Regular Conventional oil peaked in 2001, and that of Regular Conventional gas will peak in 2018. Taking both these classes of hydrocarbon together, their combined peak in energy terms was in 2004.

Norway has the potential to produce a range of non-conventional oils and gases, and also of ‘other liquids’ such as biofuel, but it is unlikely that production of these will do much in the near or medium term to offset the declines in the production of Regular Conventional oil and gas.

The paper concludes by placing Norway’s ‘Oil Age’ into an historical perspective, and notes that though it is past its oil production peak, with a small population of close-knit communities and large reserves of oil and gas remaining, the county is well placed to face the energy changes that will occur in the ‘Second Half’ of the global ‘Oil Age’.

Campbell, C. J. (2015) Summary Update: An Oil & Gas Assessment of Norway  The Oil Age 1 (4) 41-54

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