Overview of the Extractive Industries
The petroleum activities have been crucial for Norway’s economy for more than 40 years. In 2010, the petroleum sector represented 21% of the country’s total value creation. Norway is ranked as the seventh largest oil exporter and the fourteenth largest oil producer in the world. 2137 thousand barrels of crude oil per day where produced that year, or 2.5% of the world total. In 2009, Norway was the world’s second largest gas exporter, and the world’s fifth largest gas producer.
Yet, Norway's proved reserves are declining: at the end of 2010, proved oil reserves of 6.7 billion barrels of oil at the end of 2010, or 0.5 % of the world's reserves (Source: BP Statistical Energy Review 2011 and Facts 2011).
Status of EITI Implementation
Norway was accepted by the international EITI Board as EITI Compliant on 1 March 2011. Norway must be revalidated by 29 February 2016. Stakeholders in the process may request that the EITI Board requires a new Validation at any time within that period if they think the process needs reviewing.
It is currently preparing its EITI Report for 2010 which is set to published in March 2012. Since its 2010 EITI Report, Norway publishes its figures from its EITI Reports in an excel file and on the Government's Open Data Hotel.
Norway was accepted as an EITI Candidate on 11 February 2009 and became the 25th implementing country. It now has until 10 February 2011 to undertake Validation.
June/July 2009 Norway formalised its multi-stakeholder group, passed EITI regulation into law, and began preparing its first EITI Report. All extractive companies and relevant governmental agencies operating in Norway were required to report all of their tax, license and royalty payments and receipts by 17 August 2009. The completed reporting templates are compiled and reconciled by the audit firm Deloitte that was chosen to act as EITI Reconciler. The Reconciler was chosen by the Norwegian government after a public tender. The first Norwegian EITI Report was published at a launch conference 21 January 2010.
Norway launched its 2009 EITI Report on 22nd December 2010. The timetable specified in Norway’s EITI regulation says that the draft report is to be presented to the MSG by 1 October. The MSG has until 1 November to submit any comments to the draft. By 15 November the report is to be completed and then published.
The Norwegian Multi-Stakeholder Group and the Norwegian Ministry of Petroleum and Energy issued on 11 November 2009 a call for tenders for the procurement of a consultant to validate Norwegian EITI implementation. Early 2010 the Norwegian MSG chose Oxford Policy Management + G-Partner as Validator. The EITI Validation was carried out February to May, and the draft Validation Report was agreed by the MSG and submitted to the EITI International Secretariat in June. The Validation Committee submitted its comments to the Validator September 2011. Norway submitted their final Validation Report and thus completed Validation in November 2010. The final validation report is available here.
Governance of EITI implementation
On 30 January 2012, the new Norwegian EITI multi-stakeholder group was appointed. The members are listed in the minutes from the King-in-Council, and below.
On 26 June 2009, the first Norwegian multi-stakeholder group was formalised when it was appointed by the King-in-Council. The members of the first multi-stakeholder group are listed on the minutes from the King-in-Council.
The reporting requirements for the companies and government agencies were passed into law under the “Regulation on reporting and reconciliation of revenue flows from petroleum activity” that went into effect on 1 July 2009. The regulation is available in Norwegian on Norwegian Lawdata.
Lawyer Oluf Bjørndal, Stavanger
Alternate: Frode Bøhm, Stavanger
Vice President Baiba Anda Rubesa, Stavanger
Alternate: Corporate Compliance Officer Carine Smith Ihenacho, Oslo
Lawyer Karl B Myhre, Sola
Alternate: Legal Director Svein Bjørnestad, Stavanger
Service Director Lars Harald Hauge, Oslo
Alternate: Associate Director Jon Jerre, Bærum
Director General Lars Erik Aamot, Oslo
Alternate: Assistant Director General Gro Anundskaas, Nittedal
Senior Adviser Beate Bentzen, Oslo
Alternate: Director General Stig Sollund, Oslo
Senior Adviser Willy Olsen, Oslo
Secretary General Guro Slettemark, Oslo
Alternate: Special Adviser Gro Skaaren-Fyrsto, Oslo
Coordinator Mona Thowsen, Oslo
Alternate: Senior Adviser Svein Olsen, Oslo
Professor Ola Mestad, Oslo
International Secretary Amalie Tofte, Oslo
Alternate: Director General Espen Løken, Oslo
Director Fanny Voldnes, Oslo
Alternate: Adviser Linda Skjold Oksnes, Oslo
Oil & gas companies: Amerada Hess*, BG*, BP*, Chevron*, ConnocoPhillips*, DONG, Eni*, E.ON, ExxonMobil*, Det Norske Oljeselskap, Gaz de France, Lundin, Maersk Oil, Marathon*, Mobil Development, Petro-Canada, Shell*, Statoil*, Talisman*, Total*, Wintershall
Mining companies: Eramet*, Franzefoss Minerals, Knaben Molybden, North Cape Minerals, Rana Gruber, Store Norske, Titania and Tschudi Shipping Company
* EITI Supporting Company
Note: Company list based on EITI research and is not conclusive
Norway was accepted as a Candidate on 11 February 2009 and became the 25th implementing country.
It now has until 10 February 2011 to undertake Validation.