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/en/energi-og-industri/statistikker/oljev/aar
237838
5 per cent fall in value added
statistikk
2015-12-16T10:00:00.000Z
Energy and manufacturing
en
oljev, Extraction and related services, petroleum activity, oil production, gas production, pipeline transport, employees, wage costs, value added, production value, product input, added value, services, drillingOil and gas , Energy and manufacturing
false
Extraction and related services, 2014

Extraction and related services, 2014, preliminary figures

21.12.2015: The production of natural gas (measured in sm3) has been corrected from a decrease of around 4 per cent to "almost unchanged". The increase in the production of crude oil has been corrected from 2 to 3 per cent. 

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5 per cent fall in value added

A fall in the prices for crude oil and natural gas in 2014 contributed to a decrease of almost 5 per cent in the production value in the extraction and related services industries. Combined with a decrease of 2 per cent in the intermediate consumption, this led to a 5 per cent decrease in the value added compared to 2013.

Annual statistics oil and gas activityPublished 16 December 2015
201320141Change in per cent
NOK million/numberNOK million/numberShare2013 - 2014
1Preliminary figures.
Total value of production807 963770 792100-4.6
Extraction of oil and natural gas, incl. transport via pipelines672 627637 21682.7-5.3
Support activities for petroleum and natural gas extraction135 336133 57617.3-1.3
Intermediate consumption, total157 867155 222100-1.7
Extraction of oil and natural gas, incl. transport via pipelines71 71970 35545.3-1.9
Support activities for petroleum and natural gas extraction86 14884 86754.7-1.5
Value added, total650 095615 571100-5.3
Extraction of oil and natural gas, incl. transport via pipelines600 908566 86292.1-5.7
Support activities for petroleum and natural gas extraction49 18748 7097.9-1.0
Total employees62 83563 1471000.5
Extraction of oil and natural gas, incl. transport via pipelines27 15926 98442.7-0.6
Support activities for petroleum and natural gas extraction35 67636 16357.31.4

Source: Statistics Norway

The extraction and related services in Norway consist of the extraction of crude oil and natural gas, pipeline transport and support activities for petroleum and natural gas extraction. The production value for these three industries amounted to NOK 771 billion in 2014; a decrease of almost 5 per cent of NOK 808 billion from the previous year. The intermediate consumption showed a decrease of 2 per cent in the same period and amounted to NOK 155 billion in 2014. This resulted in a value added of NOK 616 billion in 2014, which is 5 per cent lower than in 2013.

Fall in crude oil and gas prices

The price fall in 2014 contributed to a decrease of 5 per cent in the production value in the extraction industry (incl. pipeline transport) compared to 2013. The production value ended up at NOK 637 billion. The production of natural gas (measured in sm3) was almost unchanged, while the production of crude oil increased by 3 per cent, which offset the price fall.

The intermediate consumption decreased by 2 per cent from 2013 to 2014 and amounted to NOK 70 billion. This resulted in a value added of NOK 576 billion in 2014; a decrease of almost 6 per cent from 2013.

Slight decrease in the extraction-related service industry

The extraction-related services had a marginal decrease of 1 per cent from 2013 to 2014, measured in value added, which totalled almost NOK 49 billion. The production value was NOK 134 in 2014; a slight decrease of 1 per cent compared to 2013. The intermediate consumption had a similar decrease in 2014.

Updated figures for 2013 and preliminary figures for 2014

The figures presented for 2013 are final figures, while the figures for 2014 are preliminary. The production value of the extraction industry for mainland Norway in 2013 was adjusted upwards to 11 per cent due to the revision of the data. The intermediate consumption was adjusted downwards to a similar size. The new price of natural gas caused a 5 per cent decrease in the production value in the Norwegian continental shelf.

There were marginal changes for the extraction-related services when comparing the preliminary figures with the final figures.

Corrections to changes in calculationsOpen and readClose

The methodology for extraction and pipeline transport changed in 2012. Part of the change was incorrect, and this has been corrected for 2012 and 2013 figures. See ‘About the statistics’ for more details.