This is an archived release.
High value added from oil and gas activity
The value of production in the oil and gas industry increased by NOK 99 billion in 2006 and amounted to NOK 565 billion, a 17.5 per cent increase from 2005. The increase was mainly due to higher oil and gas prices.
The oil and gas activity in Norway is covered by the three areas: extraction of crude oil and natural gas, the service industry including drilling and the pipeline transport industry. The gross value of production in the oil and gas activity amounted to NOK 645 billion in 2006, an increase of 18 per cent from NOK 547 billion in 2005. Intermediate consumption increased by 22 per cent to NOK 80 billion. The oil and gas industry employed around 32 000 people in 2006. Wage costs increased by 13 per cent.
Lower production - higher value
More than 90 per cent of the total value added from the oil activity stems from the extraction industry. The value of production increased by 18 per cent in this industry, and totalled NOK 583 billion in 2006. The valued added was NOK 527 billion, up 18 per cent from 2005.
Total production of petroleum on the Norwegian continental shelf decreased in 2006. The production of crude oil decreased by 8 per cent, while the production of natural gas increased by 2.5 per cent.
The extraction industry had 18 500 employees in 2006, an increase of 10 per cent from 2005.
Higher activity in the oil service industry
The service industry includes drilling and technical services directly related to the extraction activity. The gross value of production in the service industry amounted to NOK 41 billion in 2005, an increase of almost 25 per cent from 2004. With an intermediate consumption of NOK 23 billion, value added amounted to NOK 18 billion. The service industry had an increase in employment of around 1 600 people, to a total of 13 500 employees. Wage costs increased by 18 per cent.
Stable increase in pipeline transport
The pipeline transport industry had a gross value of production of NOK 21 billion in 2006. With an intermediate consumption of NOK 1.9 billion, value added amounted to NOK 19.5 billion. This is a 6 per cent increase from 2004. Employment in the pipeline industry totalled around 600 employees.
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