Oil reserves in Norway
Norway: Oil reserves was 1.29 billion cubic meters in 2021. ▼ Falling
Oil reserves in Norway, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
The most recent figure for oil reserves in Norway is 1.29 billion cubic meters, measured in 2021.
Compared with earlier readings it is down 1.2% on the previous year and up 43.2% over ten years.
Over the whole period, oil reserves in Norway peaked at 2.35 billion cubic meters in 1988 and was at its lowest, 817.00 million cubic meters, in 2016.
Norway ranks 18th of 215 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.40 billion cubic meters | 874.43 million cubic meters | 2.35 billion cubic meters | 10 |
| 1990s | 1.51 billion cubic meters | 1.21 billion cubic meters | 1.84 billion cubic meters | 10 |
| 2000s | 1.40 billion cubic meters | 1.06 billion cubic meters | 1.72 billion cubic meters | 10 |
| 2010s | 983.69 million cubic meters | 817.00 million cubic meters | 1.28 billion cubic meters | 10 |
| 2020s | 1.30 billion cubic meters | 1.29 billion cubic meters | 1.31 billion cubic meters | 2 |
Countries ranked near Norway
More energy & mining data for Norway
- Fuel imports 5.2% (2025)
- Ores and metals imports 5.5% (2025)
- Ores and metals exports 5.4% (2025)
- Gas production 1,206 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 214,403 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 1,206 terawatt-hours (2025)
- Gas production per person 214,403 kilowatt-hours per person (2025)
- Fuel exports 62.3% (2025)
- Electric power transmission and distribution losses 4.9% (2024)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 50.0% (2023)
Frequently asked questions
- What is oil reserves in Norway?
- Oil reserves in Norway was 1.29 billion cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Norway?
- The highest recorded value was 2.35 billion cubic meters in 1988.
- What is the lowest oil reserves recorded in Norway?
- The lowest recorded value was 817.00 million cubic meters in 2016.
- How does Norway rank for oil reserves?
- Norway ranks 18th out of 215 countries with data for 2021.
- Is oil reserves rising or falling in Norway?
- Over the last ten years it is up 43.2%. The long-run trend across the full record is falling.
- Where does this Norway data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.