Oil and gas activities, investments, Q3 2006

These two estimates are the highest exploration estimates given, measured in current prices, since Statistics Norway started collecting estimates in 1985.

Lower estimates for 2006

Total investments in oil and gas extraction and pipeline transport for 2006 are now estimated at NOK 99.5 billion. This is NOK 2.8 billion lower than the estimate conducted in the survey last quarter, but an increase of NOK 10.9 billion compared with the corresponding estimate given for 2005. The increase for 2006 is due to higher investments in exploration, field development and fields on stream while the estimates indicate a decrease in onshore activity and pipeline transportation.

Exploration activities in 2006 are now estimated at NOK 13.4 billion. Compared with the corresponding estimate given for 2005, the estimate for 2006 is 5.6 billion higher.

Investments in field development and fields on stream are now estimated at NOK 62.6 billion. This is a NOK 2.2 billion decrease compared with estimates given in the previous quarter.

Onshore activity and pipeline transportation are estimated at NOK 17.9 and 5.7 billion respectively.

Higher estimates for 2007

Total investments in oil and gas activities for 2007, including pipeline transportation, are estimated at NOK 88.5 billion. The estimate is NOK 10.3 billion higher than the corresponding estimate for 2006 and NOK 20.2 billion higher than the estimate given in the previous quarter.

Investments for exploration activity in 2007 are estimated at NOK 19.6 billion. The estimate is NOK 10.1 billion higher than the corresponding estimate for 2006, given in the 3 ^{r d} quarter of 2005.

Investments for field development and fields on stream are now estimated at NOK 58.4 billion.

This is NOK 5.5 billion higher than the estimate given in the previous quarter.

Onshore activities and pipeline transportation are estimated at NOK 8.2 and 2.3 billion respectively.

• Table 1 Accrued and estimated investment costs. Extraction of crude petroleum and natural gas and transport via pipelines. 2002-2007. Million NOK
• Table 2 Accrued investment costs for oil and gas exploration, by cost category. Q2 2004 - Q2 2006. Million NOK
• Table 3 Accrued investment costs for field development and fields on stream. Q2 2004 - Q2 2006. Million NOK
• Table 4 Estimated and accrued investment costs for oil and gas extraction and pipeline transport. 1985-2007

• Table 5 Accrued investment costs for oil and gas exploration, by cost category. 1995-2005. NOK million
• Table 6 Accrued investment costs for oil and gas exploration. Quarterly. 1981-2006. NOK million
• Table 7 Accrued investment costs for oil and gas exploration, by cost category. Q1 2004 - Q2 2006. NOK million
• Table 8 Estimated and accrued investment costs for oil and gas exploration. 1985-2007
• Table 9 Estimated and accrued exploration costs. Quarterly. 1991-2006. NOK million
• Table 10 Exploration wells started on the Norwegian Continental Shelf. Quarterly. 1984-2006
• Table 11 Rig days on the Norwegian Continental Shelf. Quarterly. 1984-2006
• Table 12 Drilling metres on the Norwegian Continental Shelf. Quarterly. 1984-2006
• Table 13 Accrued investment costs for field development, by cost category. 1995-2005. NOK million
• Table 14 Accrued investment costs for field development. Quarterly. 1982-2006. NOK million
• Table 15 Accrued investment costs for field development and fields on stream, by cost category. Q1 2004 - Q2 2006. NOK million
• Table 16 Estimated and accrued investment costs for field development. 1985-2007
• Table 17 Field development. Commodity costs accrued abroad. 1985-2005
• Table 18 Commodity and service costs. Field development. 2000-2006. NOK million
• Table 19 Commodity and service costs. Field development. Accrued abroad. 2000-2006. NOK million
• Table 20 Accrued investment costs for production drilling, by cost category. 1996-2005. NOK million
• Table 21 Accrued investment costs for production drilling, by cost category. Field development and fields on stream. Q1 2004 - Q2 2006. NOK million