Income statistics for petroleum companies, week 52 2000

Of the overall assessed taxes of NOK 92 billion, special income tax totalled NOK 56 billion and tax on ordinary income totalled NOK 36 billion.

Oil and gas extraction and pipeline transport

The companies engaging in oil and gas extraction and pipeline transport had taxable ordinary income of NOK 127 billion. This was 89 billion more than the year before. The basis for calculating special income tax totalled NOK 113 billion, or an increase of NOK 86 billion.

The increase in the tax basis is chiefly due to higher gross income. The production of crude oil has increased, whereas the production of natural gas remained at about the same level as the year before. The prices of crude oil and natural gas were higher on average than in 1999. The increase in prices accounted for a greater share of the increase in gross income than an increase in production.

The number of taxable companies engaging in oil and gas extraction has remained about the same in the period from 1996 to 2000.

Foreign companies

Foreign companies engaged in maintenance, repair and services for Norwegian extraction companies had all together NOK 466 million in assessed tax. This represents an increase of NOK 37 million or 9 per cent from the year before. The number of foreign taxable companies engaged in such activities has been reduced by half since 1996.

Tables:

• Table 1 Income and taxes for companies which are carrying out oil and gas extraction and transport via pipelines. 1996-2000. 1000 kroner
• Table 2 Income and taxes from foreign Shelf companies. 1996 - 2000. 1000 kroner