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 19th of 216 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 42 years of available data.
Oil reserves in Norway, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 914.18 million cubic meters | — |
| 1981 | 874.43 million cubic meters | -4.3% |
| 1982 | 1.21 billion cubic meters | +38.5% |
| 1983 | 1.08 billion cubic meters | -10.8% |
| 1984 | 1.22 billion cubic meters | +12.6% |
| 1985 | 1.32 billion cubic meters | +8.4% |
| 1986 | 1.73 billion cubic meters | +31.3% |
| 1987 | 1.67 billion cubic meters | -3.7% |
| 1988 | 2.35 billion cubic meters | +41.0% |
| 1989 | 1.66 billion cubic meters | -29.5% |
| 1990 | 1.84 billion cubic meters | +10.6% |
| 1991 | 1.21 billion cubic meters | -34.1% |
| 1992 | 1.21 billion cubic meters | +0.0% |
| 1993 | 1.40 billion cubic meters | +15.7% |
| 1994 | 1.48 billion cubic meters | +5.4% |
| 1995 | 1.50 billion cubic meters | +1.4% |
| 1996 | 1.34 billion cubic meters | -10.6% |
| 1997 | 1.79 billion cubic meters | +33.4% |
| 1998 | 1.66 billion cubic meters | -7.2% |
| 1999 | 1.74 billion cubic meters | +4.7% |
| 2000 | 1.72 billion cubic meters | -1.2% |
| 2001 | 1.50 billion cubic meters | -12.4% |
| 2002 | 1.50 billion cubic meters | +0.0% |
| 2003 | 1.63 billion cubic meters | +8.7% |
| 2004 | 1.66 billion cubic meters | +1.8% |
| 2005 | 1.35 billion cubic meters | -18.6% |
| 2006 | 1.23 billion cubic meters | -9.4% |
| 2007 | 1.25 billion cubic meters | +1.9% |
| 2008 | 1.09 billion cubic meters | -12.5% |
| 2009 | 1.06 billion cubic meters | -2.7% |
| 2010 | 1.06 billion cubic meters | +0.0% |
| 2011 | 901.46 million cubic meters | -15.1% |
| 2012 | 845.81 million cubic meters | -6.2% |
| 2013 | 853.13 million cubic meters | +0.9% |
| 2014 | 926.10 million cubic meters | +8.6% |
| 2015 | 874.00 million cubic meters | -5.6% |
| 2016 | 817.00 million cubic meters | -6.5% |
| 2017 | 1.05 billion cubic meters | +28.6% |
| 2018 | 1.23 billion cubic meters | +16.7% |
| 2019 | 1.28 billion cubic meters | +4.3% |
| 2020 | 1.31 billion cubic meters | +2.1% |
| 2021 | 1.29 billion cubic meters | -1.2% |
Norway compared with similar countries
- Norway's 1.29 billion cubic meters is above the median for Europe & Central Asia, which is 2.38 million cubic meters, 541.5× the median. (51 countries reporting)
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
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 2.48 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 5.2% (2025)
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 19th out of 216 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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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.