Extraction and related services, 2003, preliminary figures

Value added is determined by three factors: production, prices and consumption of intermediate goods. The consumption of intermediate goods amounted to NOK 56 billion, up 15.9 per cent from 2002. The oil and gas industry employed 30 000 people in 2003. This hardly changed from 2002. Wage costs increased by 3.6 per cent.

The oil and gas industry includes operator and licensee activities related to the extraction of crude oil and natural gas, services and contract drilling and pipeline transport.

Extraction of crude oil and natural gas

Extraction of crude oil and natural gas is the largest oil and gas activity, and accounts for almost 90 per cent of the value added. The gross value of production increased by 1.7 per cent to NOK 303 billion, but due to high consumption of intermediate goods, value added decreased from 2002. Intermediate consumption amounted to NOK 41 billion, a 24.5 per cent increase. Value added was NOK 262 billion.

The total production of crude oil on the Norwegian continental shelf was 140 million tonnes in 2003, a decrease of 8 million tonnes from 2002. Because the oil price was on average USD 3.6 higher per barrel than in 2002, the sales value increased by NOK 3 billion. The production of gas was also lower than in 2002, but had a higher sales value. The sales value of condensate and NGL decreased. The total value of crude oil and gas amounted to NOK 280 billion and was unchanged from 2002. Of this amount, crude oil stood for NOK 214 billion, gas for NOK 55 billion and condensate and NGL for NOK 11 billion. 17 500 people were employed in the extraction of crude oil and natural gas, an increase of 9.9 per cent from 2002.

Services and contract drilling

The gross value of production in the service industry amounted to NOK 26 billion in 2003, down 9.6 per cent from 2002. With an intermediate goods consumption of NOK 13 billion, value added amounted to half of the production value at NOK 13 billion. The service industry had a decrease in employment of 11.4 per cent to 12 700 employees in 2003.

Pipeline transport

The pipeline transport industry had a gross value of production of NOK 19 billion in 2003. An intermediate goods consumption of NOK 2 billion resulted in value added of NOK 17 billion. This results in a 7 per cent decrease from 2002, and a 12 per cent decrease compared with 2001. Since 2001 there has consequently been a steady decrease in the value added in the pipeline transport industry¹.

Revision of previously released figures

A revision of previously released figures has led to some changes. The gross value of production in the extraction industry for 2002 amounted to NOK 298 billion, not NOK 286 billion as previously published. This resulted in an increase in value added from NOK 253 billion to NOK 265 billion. Value added for the service industry has been adjusted to NOK 15.4 billion in 2002. Wage costs and employment figures in the service industry have changed for 2001. There were 9 786 employees in 2001, and the wage costs have been adjusted to NOK 6.7 billion.

Tables:

• Table 1 Principal figures for extraction of crude oil and natural gas. 1998-2003
• Table 2 Intermediate consumption for fields on stream. 1998-2003. NOK million
• Table 3 Principal figures for service activities incidental to oil and gas extraction excluding surveying. 1998-2003
• Table 4 Principal figures for transport via pipelines. 1998-2003. NOK million (Corrected 10 November 2005)