Income statistics for petroleum companies, week 52 1999

Total taxes assessed on operations on the continental shelf amounted to NOK 25 billion in 1999, compaired with NOK 10 billion in 1998. Special taxes amounted to NOK 14 billion, an increase of NOK 9 billion, while taxes on ordinary income increased by NOK 6 billion to NOK 11 billion.

Oil and gas extraction and pipeline transport

Taxable ordinary income for companies engaged in oil and gas extraction and pipeline transport came to NOK 38 billion in 1999. This is an increase of NOK 21 billion from the year before. By comparison, the basis for calculating special taxes was NOK 27 billion, or an increase of NOK 17 billion.

The increase in the tax base is mainly attributed to higher gross income. The production of crude oil has increased, while the production of natural gas was at about the same level as the year before. The prices of crude oil and natural gas were on average higher than in 1998.

Foreign companies

Foreign companies engaged in maintenance, repair and various activities supporting the Norwegian extraction companies, had NOK 427 million in assessed taxes in 1999. This is an increase of NOK 82 million or 24 per cent from the year before.

Tables:

• Table 1 Income and taxes for companies which are carrying out oil and gas extraction and transport via pipelines. 1995-1999. 1 000 kroner
• Table 2 Income and taxes from foreign Shelf companies. 1995-1999. 1 000 kroner