Norway Oil

Summary Table

  Barrels Global Rank
5,138,767,000 22nd in the world

  Barrels per Day Global Rank
2,003,748 13th in the world
204,090 55th in the world
Daily Surplus
+ 1,799,657  
Oil Imports
Oil Exports
(Data shown is for 2016, the latest year with complete data in all categoreies)

Oil Reserves in Norway

See also: List of countries by Oil Reserves

Norway holds 5,138,767,000 barrels of proven oil reserves as of 2016, ranking 22nd in the world and accounting for about 0.3% of the world's total oil reserves of 1,650,585,140,000 barrels.

Norway has proven reserves equivalent to 69.0 times its annual consumption. This means that, without Net Exports, there would be about 69 years of oil left (at current consumption levels and excluding unproven reserves).

Oil Reserves
5,138,767,000 barrels
Global Rank: 22nd | Share of World: 0.31 %
69 years of oil left
(at current consumption levels)

History of Oil Reserves in Norway

Oil Consumption in Norway

See also: List of countries by Oil Consumption

  • Norway consumes 204,090 barrels per day (B/d) of oil as of the year 2016.
  • Norway ranks 55th in the world for oil consumption, accounting for about 0.2% of the world's total consumption of 97,103,871 barrels per day.
  • Norway consumes 1.64 gallons of oil per capita every day (based on the 2016 population of 5,236,590 people), or 597 gallons per capita per year (14 barrels). [1 barrel = 42 US Gallons]

Oil Production in Norway

See also: List of countries by Oil Production

  • Norway produces 2,003,747.53 barrels per day of oil (as of 2016) ranking 13th in the world.
  • Norway produces every year an amount equivalent to 14.2% of its total proven reserves (as of 2016).

Oil Exports

  • Norway exports 69% of its oil production (1,384,574 barrels per day in 2016).

History of Oil Consumption and Production

See also