Norwegian oil and gas production is increasing

NPD’s “Sokkelåret 2017” shows great activity on the Norwegian continental shelf. Total oil and gas production increased for the 4th consecutive year and will continue to increase over the next 5-year period. A new record was reached in gas exports with 124 Gm3. Liquid production decreased slightly but will increase again when the Johan Sverdrup field comes into production at the end of 2019. There are currently 85 producing fields on the Norwegian continental shelf, including the five new fields that were put into production in 2017. Nine new fields are currently under development.