In 2023, Norway dominated European crude oil production with a 59.12% share, marking a 5.22% increase from the previous year. The United Kingdom held the second largest share at 27.4%, despite a 1.82% decline. Other notable producers included Italy and Denmark, with smaller shares of 3.07% and 2.29%, respectively, each experiencing contrasting growth rates; Italy saw a 1.44% increase, while Denmark faced an 8.42% decline. Germany, Romania, and Ukraine had modest shares, all exhibiting negative growth trends. Minor producers like Spain and Slovakia saw significant year-on-year declines of 43.38% and 23.28%, respectively.
Looking forward, expect Norway to continue leading European crude oil production, driven by investments in new field developments and enhanced recovery techniques. The UK may encounter further declines unless new exploration projects stabilize production levels. Other countries may see consolidation or withdrawal from oil production due to regulatory and environmental pressures, with potential shifts towards renewable energy sources influencing future shares.
Top countries in Crude Oil Production Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 59.12 | 2023 | +4.16% | +5.22% | View data |
| 2 | 2 United Kingdom | 27.4 | 2023 | -2.16% | -1.82% | View data |
| 3 | 3 Italy | 3.07 | 2023 | +1.3% | +1.44% | View data |
| 4 | 4 Denmark | 2.29 | 2023 | -10.36% | -8.42% | View data |
| 5 | 5 Romania | 1.76 | 2023 | -3.5% | -3.08% | View data |
| 6 | 6 Germany | 1.04 | 2023 | -3.53% | -4.07% | View data |
| 7 | 7 Ukraine | 0.95 | 2023 | -2.62% | -0.94% | View data |
| 8 | 8 Albania | 0.61 | 2023 | +5.23% | +2% | View data |
| 9 | 9 Poland | 0.58 | 2023 | +2.2% | -1.61% | View data |
| 10 | 10 Hungary | 0.56 | 2023 | +1.9% | +2.5% | View data |
