Capability Catalogues
Internationalization
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Increase in international turnover for the Nowegian Oil and Gas Supply and Service Industry
29.01.10
A new report prepared by MENON Business Economics on behalf of the Ministry of Petroleum and Energy reveals that Norwegian companies, despite the financial instability of the last two years, have indeed strengthened their international market position.
The international turnover for the Norwegian based supply and service industry increased to NOK118 billion in 2009 (compared to NOK 95 billion in 2007), of which NOK80 billion represented export of Norwegian technologies and services; thereby directly contributing towards value creation in Norway.South East Asia, including Australia and India, is the largest international market with approximately a 35% share. This is mainly due to the large export of drilling equipment to shipyards in the region. South East Asia is followed by West-Africa, Gulf of Mexico, Brazil and Mexico.
The UK remains an important market ranking as number three, says Gulbrand Wangen, Managing Director, INTSOK. However, and for the first time since INTSOK was established in 1997, a significant decrease in export to this market is visible. This downturn reflects the Norwegian supply and service industry’s successful in shift towards moving out of the North Sea basin.
MENON paper (in Norwegian only):
Norske offshoreleverandørers internasjonale aktivitet i 2009
Full Report (in Norwegian only):
Complete report: Internasjonalisering av norske offshoreleverandører.pdf
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The Norwegian petroleum industry: An international success story
18.02.09
Over the last decade the Norwegian petroleum sector's international turnover has tripled and the growth is continuing to increase. The newly released KonKraft report on internationalization shows Norwegian companies as global market leaders on subsea and drilling equipment as well as floating production and supply services.
The 108 page report summarizes the achievements of the suppliers within the Norwegian petroleum cluster and studies in particular eight sub-clusters and their strategies and results.
The report is part of a series of studies under the Ministry of Petroleum and Energy's national strategy for the petroleum sector and has been sponsored by Inge K Hansen (former CEO of Aker Kværner and Statoil). INTSOK CEO Gulbrand Wangen chaired the project team that also included INTSOK advisor Willy H. Olsen (former Statoil Information Director) and Erik W. Jakobsen of Menon Business Economics.
Download the full report (in Norwegian)
Download English Summary