BROWSE THROUGH OUR TRADE FAIRS IN NORWAY FOR OIL & GAS INDUSTRY

Norway is one of the leading, central and high-value oil and gas industry states. This is due to its comprehensive sector and high annual turnover values. For example, the segment has contributed to up to 24% of the GDP and 36% of its revenues in recent years. This is due to its oil and gas market reaching 70 420 000 000 USD in value during the mentioned period. This is due to the nation-state producing up to 116 600 000 000 cubic meters of natural gas. It also exports up to 116 670 000 000 cubic meters of the product. In addition, the country has also exported up to 549 000 000 000 NOK of petroleum. This results in the oil and gas segment contributing up to 52% of its exports. It also results in its position as the 8th most extensive gas producer and 4th most extensive exporter, respectively. Such wares are produced via expansive exploration wells — up to 31. This results in a notable percentage of the country’s workforce operating in the sector. For example, the oil and gas segment has indirectly employed approximately 200 000 specialists in recent years. The segment is also among the primary industrial sectors that receive high investments. For example, it has been granted 19% of Norway’s total funds. It includes the projected allocation of 17 000 000 000 USD in the upcoming years. A notable percentage of such allocations are expedited for further development through innovations. Generally, such novel solutions are presented during biannual trade expos in diverse cities. They attract tens of thousands of attendants.