Oil & gas production in Norway: emitters, CO2 & carbon value

9 tracked facilities, ≈30,700,969 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil & gas production.

The numbers

Oil & gas production in Norway at a glance

Metric	Value	Note
Facilities tracked	9	with CO2 estimates
Total est. CO2	30,700,969 t/yr	Climate TRACE 2023
Average per facility	3,411,219 t/yr
Indicative carbon value	€2,376M/yr	at €77.4/t EUA

Carbon pricing here: Carbon tax ≈€100/t (2025, World Bank State & Trends of Carbon Pricing 2025 / ICAP 2025) + EU ETS membership via EEA. Current benchmark: €77.4/t (11 Jun 2026). Full country page: carbon price in Norway.

Largest emitters

Top 9 oil & gas production CO2 emitters in Norway

#	Facility	Owner	t CO2/yr (est. 2023)	Indicative value
1	Norway_Northern North Sea_Conventional shelf	Equinor Energy AS	19,121,165	€1,480.0M
2	Norway_Voring_Conventional shelf	OKEA ASA	6,840,500	€529.5M
3	Norway_Central Graben_Conventional shelf	Aker BP ASA	1,562,091	€120.9M
4	Norway_West Barents Sea_LNG	—	1,081,894	€83.7M
5	Norway_More_Deepwater	—	769,324	€59.5M
6	Norway_Voring_Deepwater	—	713,292	€55.2M
7	Norway_West Barents Sea_Conventional shelf	—	299,816	€23.2M
8	Norway_Northern North Sea_Heavy oil	—	222,860	€17.2M
9	Norway_Norwegian - Danish_Conventional shelf	—	90,027	€7.0M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management

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Same industry, other countries

Oil & gas production in United States

712,998,435 t CO2/yr

Oil & gas production in Russian Federation

515,555,902 t CO2/yr

Oil & gas production in Iran

292,069,171 t CO2/yr

Oil & gas production in Canada

252,343,963 t CO2/yr

Oil & gas production in Saudi Arabia

201,877,662 t CO2/yr

Other industries in Norway

Metals (other) in Norway

5,411,555 t CO2/yr

Aluminium in Norway

3,034,324 t CO2/yr

FAQ

Questions

How many oil & gas production facilities does Norway have with tracked emissions?

9 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈30,700,969 t CO2/yr.

What is the largest oil & gas production emitter in Norway?

Norway_Northern North Sea_Conventional shelf — ≈19,121,165 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.

What would this CO2 cost at the EU price?

≈€2,376M per year at €77.4/t — indicative full-price value; actual cost depends on free allocation and the local instrument.

How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex — manufacturer of modular removable insulation (UK Patent GB2508992.1). Spotted an error? Tell us — we correct on evidence.