Ministry of Petroleum and Energy Macroeconomic indicators ...

Ministry of Petroleum and Energy

Macroeconomic indicators for the petroleum sector

0

10

20

30

40

50

1970 1975 1980 1985 1990 1995 2000*

perc

ent

Share of GDP Share of investments Share of export Share of governmental revenues

*estimate

Facts 2001 figure 1.1 Source: Statistics Norway


Investment

0

10

20

30

40

50

60

70

80

90

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000*

NO

K b

illio

n (m

oney

of t

he d

ay)

ExplorationOnshorePipelinesFields

*estimates

Source: Statistics NorwayFacts 2001 figure 1.2


Net cash flow to the state from petroleum operations

-20

20

60

100

140

180

1972

1974

1976

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

*

NO

K b

n (

2001

val

ue)

Taxes Royalty and area fee CO2 tax Statoil dividend SDFI State revenues

*estimates

Facts 2001 figure 1.3 Source: National account and state budget


Total petroleum production

0

40

80

120

160

200

240

280

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000*

mill

scm

oe

Oil (incl. NGL/condensate) Gas

*estimate

Facts 2001 figure 1.4 Source: NPD


The state organisation of petroleum operations

The NorwegianPetroleum Directorate

Ministry of Finance Ministry ofPetroleum and Energy

Ministry of LocalGovernment and

Regional Development

Government

Stortinget(Parliament)

Facts 2001 figure 3.1


The organisation of petroleum operations

Political Adviser

Information section

Adm. budget and accountingdepartment

Explor-ation

section

Oilsection

Gassection

Industrysection

Environ-mentalaffairssection

Sectionfor statepartici-pation

Petroleumlaw and

legal affairssection

Economicssection

Oil and gas department Energy and waterresources department

Secretary General

State Secretary

Minister



Investment

0

10

20

30

40

50

60

70

80

90

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000*

NO

K b

illio

n (m

oney

of t

he d

ay)

ExplorationOnshorePipelinesFields

*estimates

Source: Statistics NorwayFacts 2001 figure 4.1


Estimates for future investments in fields and pipelines 2001-2010

0

10

20

30

40

50

60

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

NO

K b

illio

n ( 2

000

valu

e)

Fields in production or under development Specific measures on producing fieldsPipelines/onshore Finds under evaluationPossible improved recovery measures Undiscovered resources

Source: MPE/NPDFacts 2001 figure 4.2


State revenues from petroleum operations 1977-2000

0

20

40

60

80

100

120

140

160

180

1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000*

NO

K b

illio

n (2

001

valu

e)

0

5

10

15

20

25

30

Sha

re o

f tot

al s

tate

reve

nues

-%

State revenues Share of total revenues

Source: National accounts and State budgetFacts 2001 figure 5.1

*estimates


Employment in Norway’s petroleum sector

0

10

20

30

40

50

60

70

80

90

100

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000

peop

le e

mpl

oyed

in 1

000'

s

Fact s 2001 figure 6.1 Source: Directorate of Labour


Possible value creation from improved oil recovery

0

250

500

750

NO

K b

n

OSE* IOR**

Facts 2001 figure 6.2 Source: OG21

*Oslo Stock Exchange, february 2001** Gross present value, size dependant on timing and volumes

Recov factor

from 44% - 57%

635 bn

470 bn


Source: Reve / Jacobsen ”Et verdiskapende Norge”Facts 2001 Figure 6.3,

20

15

10

5

0

1,5

4

9

12

Saudi Arabia Malaysia Gulf of Mexico Norway

9.2 mil b/d3.1

Mill b/d0.7

Mill b/d3.5

Mill b/d

Volume

Bre

ak-e

ven

pric

e U

SD

/bbl

UK

2.8Mill b/d

13

Daily production and break-even prices for various upstream provinces


Total resource estimate

Gas

Oil Total resources NCS, 13 797 mill o.e

Undiscovered resourcesPossible measuresResources in discoveriesResources in fieldsRemaining reservesProduced reserves

Bn

scm

oe

Fact s 2001 figure 7.1 Source: Norwegian Petroleum Directorate


Total petroleum production 1982-2000

0

50

100

150

200

250

300

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000*

mill

scm

oe

Oil/NGL Gas

Fact s 2001 figure 8.1 Source: NPD

*estimate


Oil production (incl. NGL/condensate) 1981-2000

0

20

40

60

80

100

120

140

160

180

200

1982 1984 1986 1988 1990 1992 1994 1996 1998 2000

mill

scm

oe

0

0,5

1

1,5

2

2,5

3

3,5

mill

bbl

oe/

day



Production forecast for petroleum 2001-2010

0

50

100

150

200

250

300

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

mill

scm

oe

Oil Gas NGL Condensate

Facts 2001 figure 8.3 Source: NPD


Forecast for Norwegian oil production, 2001-2010

0

50

100

150

200

250

2001 2002 2003 2004 2005 2006 2007 2008 2009 20100,0

0,5

1,0

1,5

2,0

2,5

3,0

3,5

4,0

Range of uncertainty (P90 - P10) Basic Scenario RK 0-11

Fact s 2001 figure 8.4 Source: Norwegian Petroleum Directorate


Delivery obligations for natural gas

0

20

40

60

80

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

bn s

cm

Field contracts Delivery contracts

Facts 2001 figure 8.3 Source: MPE


Price of Norwegian crude oil, 1975-2000

0

20

40

60

80

1975 1980 1985 1990 1995 2000

US

D/b

arre

l

Nominal 2000 USD

Fact s 2001 figure 9.1 Source: MPE


Production and net export of crude oil incl. NGL 2000

2,73

2,76

3,12

3,23

3,31

3,52

3,75

6,48

8,18

9

0 2 4 6 8 10

UK

UAE

Venezuela

China

Norway

Mexico

Iran

Russia

USA

Saudi Arabia

mill b/d

1,45

1,83

1,9

2,09

2,36

2,61

2,63

3,08

4,03

7,67

0 2 4 6 8 10

Mexico

Kuwait

Nigeria

Iraq

UAE

Iran

Venezuela

Norway

Russia

Saudi Arabia

mill b/d

Production Net export

Fact s 2001 figure 9.2 Source: Petroleum Economics Ltd.


Shipments of Norwegian crude oil 2000*

Canada5 %

France13 %

Netherlands15 %

Norway16 %

Great Britain22 %

Sweden6 %

Germany6 %

USA6 %

Other11 %

Fact s 2001 figure 9.3

Total 178,5 mill scm oe

Source: Norwegian Petroleum Directorate*to first recipient


Definition of natural gas

Naturalgas NGLs

Methane (C1)Ethane (C2)

Propane (C3)Butane (C4)

Pentanes and heavier frac-tions also referred to as:C5 +Natural gasolineCondensate

LPGs

Fact s 2001 figure 9.4 Source:MPE


Shipment of NGL / condensate 2000*

Facts 2001 figure 9.5 Source: NPD* to first recipient

Belgium10 %

Denmark15 %

Finland1 %

France4 %

Netherlands14 %

Norway12 %

Poland5 %

Great Britain7 %

Sweden5 %

Germany7 %

USA12 %

Other6 %

Spain2 %


Norwegian gas exports 2000

Belgium11,3 %

France24,7 %

Netherlands10,5 %

Poland0,1 %

Spain5,1 %

Great Britain4,5 %

Germany38,2 %

Czech Republic3,9 %

Austria1,6 %

Total 48,6 bn scm oeFact s 2001 figure 9.6 Source: NPD


Market shares 2000

Esso22,2 %

JET1,1 %

Hydro/Texaco12,5 %

Shell28,6 %

Statoil32,5 %

Other3,1 %

Fact s 2001 figure 9.7 Source: Norwegian Petroleum Institute


Emissions to the air


Diffusive emissionsGas turbine

exhaust

Well testing

Gas flaring

Diesel fuelexhaust

Gas venting


Discharges to the sea

Factsheet 2001 figure 10.2

Seewage/house-hold effluents

DrainsDrillingdischarges

Displacement water

SpillCooling water

Produced water


Licensing round

Nomination Announcement Application Award

Negotiation



Awards per year

0

10

20

30

40

50

60

70

80

90

1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998

Num

ber o

f blo

cks/

prod

uctio

n lic

ence

s

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

Are

a aw

arde

d sq

. km

Number of production licences Number of blocks awarded Area awarded sq. km.



Exploration wells completed per year

0

10

20

30

40

50

60

1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999

Wel

ls

Wildcats Appraisals

Facts 2001 figure 13.1 Kilde: NPD

Ministry of Petroleum and Energy Macroeconomic indicators ...

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