8801_not-searchable
/en/energi-og-industri/statistikker/oljeinv/kvartal
8801
High exploration activities in 2000
statistikk
1999-12-02T10:00:00.000Z
Energy and manufacturing
en
oljeinv, Oil and gas activities, investments, petroleum activity, oil production, gas production, pipeline transport, exploration activity, field development, oil fields, gas fields, exploration costs, investment costsOil and gas , Energy and manufacturing
false

Oil and gas activities, investments, Q4 1999

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High exploration activities in 2000

Investments in exploration are now estimated at NOK 7.1 billion for 2000. This is an increase of NOK 3.4 billion compared with the previous survey made in the 3rd quarter of 1999. Investments in exploration activities in 1999 are now estimated at NOK 5.2 billion.

Total investments in oil and gas extraction and pipeline transport for 2000 are now estimated at NOK 48.5 billion. This is NOK 16.0 billion lower than the corresponding estimate given for 1999, but an increase of NOK 4.9 billion compared with the survey conducted last quarter. The increase in the estimate for the year 2000 from the last quarter is due to higher investments in expolration activities.

Exploration activities in 2000 are now estimated at NOK 7.1 billion. This is NOK 0.2 billion lower than the corresponding estimate for 1999, but an increase of NOK 3.4 billion from the previous survey. The recovery of the oil price is most likely the reason for the increase in the companies` budgets for exploration activity in 2000.

Investments for field development in 2000 are now estimated at NOK 21.3 billion. This is a NOK 11.5 billion decrease compared with the corresponding estimate for 1999 made in the 4th quarter of 1998.

Estimates for 1999

Total investments in oil and gas extraction and pipeline transport for 1999 are now estimated at NOK 68.4 billion. This is a NOK 4.5 billion downward adjustment from the survey made last quarter and a NOK 9.0 billion decrease from the corresponding estimate for 1999. The downward adjustment from the previous survey is due to a deacrease of investments in field developments.

Investments in field developments for 1999 are now estimated at NOK 34.1 billion. This a downward adjustment of NOK 4.8 billion from the previous survey. A downward revision of the reported cost at the Åsgard field explains most of this.

Investments in fields on stream and exploration activities are now estimated at NOK 20.0 and 5.2 billion respectively only minor changes from the previous survey.