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First Seismic Survey
In 1962 the Norweigan government conducted the first seismic surveys on the Norweigan continental shelf. They found sedimentary rocks which were prompt to having petroleum and natural gas. -
First Well
The first Norweigan. Nothing was found in the first attempt but more wells were spudded with the attempt of searching for oil and natural gas. -
The Christmas Gift
Ed Crump, minister of industry in Norway in 1969. On December 23rd he said: "I think we have an oil field here." A few days later drilling superintendent gave the news, "I can cover the sea from here to the North Pole with oil." The oil field was named Ekofisk. -
State Company
The energy company was an integrated enterprise. Even though it was is an independent company it is controlled by the ministry. It quickly built up an enterprise becoming one of the largest companies in the country. Arve Jhonssen was the CEO from 1972 to 1988. -
Petroleum Directorate
The Norweigan Petroleum Directorate (NPD) was established as an independent agency. It had the objective was to responsibly manage Norway's oil supply. -
Statfjord Jackpot
When drilling in the recently built platform A in Statfjord the drillers hit an oil jackpot. In the next years platforms B and C did the same leading Norway to being one of the leading oil economies. -
Toward the Poles
First drilling of oil and gas above the 62nd parallel. This means it was the first time Norweigan explorers found oil and gas outside the limits of North Seas -
Casualties
The Alexander L Kielland flotel overturned with 213 people aboard, injuring 23 and killing 123 people. This was considered the worst disaster in Norway since the Second World War. -
Business with Western European Companies
Norweigan company responsible for gas and oil Statoil sold the Troll field to other western European Companies for what was the world's biggest energy contract. -
Outstanding Efficieny
Statfjord for many years had amazing efficiency, however, there was one day, 16 January 1987 where production was outstanding where only Statfjord produced more than the entire Gulf of Mexico with a record of 850,204 barrels. -
Concrete Crash
Sleipner A platform sunk in Gands Fjord due to a structural error. The accident occurred during a planned a test submission. the impact when hitting the seabed was so strong it could be measured as an earthquake in Bergen. -
Price Change
When Norway got integrated into the Eu's single market it had to readjust it's oil and gas prices accordingly -
Investments
The country created a petroleum fund which would be government resources directed to investing in foreign petroleum stocks with the objective of safeguarding Norway's freedom of action in the future. -
More Oil
When oil production was running low in Norway due to drilling inefficiency decisions were taking to start drilling in shallower grounds. Where gas was being drilled was a bit more underground found to have oil. -
Shut Down
Frigg gas field began on August 20th since production has ceased previous March. The decision was taken because of the inefficiency of the field. The demolition took 5 years. -
Firm Merge
Statoil and Hydro merged and became the owner of 70% of Norway's oil stocks. The decision was taken for Norway to become a stronger international competitor and made StatoilHydro eight largest petroleum producer in the world. -
Even More Oil
Lundin (a Norweigan Oil Company) discovered more oil in Avaldsnes and Statoil as well but in Aldous. Both discoveries were actually only one field and was named Johan Sverdrup. -
Oscilation
Oil prices go up and down and Norway is always vulnerable to these fluctuations. When oil prices go up Norway has benefits but when prices go down Norway has economic challenges. However these challenges have helped create new technology to maximize efficiency.
