The history of the petroleum industry in Norway is the most significant part of Norway's economic history, and significant across that of Europe's petroleum industry.
Exploration
A letter dated 25 February 1958 from the Geological Survey of Norway to the Norwegian Ministry of Foreign Affairs stated that the chances of finding oil off the Norwegian coastline were negligible.
In May 1963, Norway declared that any oil found off its coast would belong to Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the North Sea. In April 1965 Norway opened the first round of exploration drilling licences, with 22 in 78 areas.
Exploration
A letter dated 25 February 1958 from the Geological Survey of Norway to the Norwegian Ministry of Foreign Affairs stated that the chances of finding oil off the Norwegian coastline were negligible.
In May 1963, Norway declared that any oil found off its coast would belong to Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the North Sea. In April 1965 Norway opened the first round of exploration drilling licences, with 22 in 78 areas.
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