Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 6
Key Information 6
Company Overview 6
Key Valuation Metrics, 2013-2017 7
VNG Norge AS, Production and Reserves Trends 8
Total Oil and Gas, Reserves and Production 8
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 8
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 10
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 11
Crude Oil/Liquids Production and Reserve 12
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 12
Crude Oil Production and Reserves By Country/Region, 2013-2017 13
Crude Oil/Liquids Reserve Changes, 2013-2017 14
Natural Gas Production and Reserve 15
Natural Gas Production and Reserve Trend, 2013-2017 15
Natural Gas Production and Reserves, By Country/Region, 2013-2017 16
Natural Gas Reserve Changes, 2013-2017 17
Total Crude Oil and Natural Gas Reserves Life Index 18
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 18
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 19
VNG Norge AS, E&P Costs Trends 20
Allocation of the Upstream Capital Expenditure 20
Upstream Capital Expenditure, 2013-2017 20
Exploration and Development Costs, By Country/Region, 2013-2017 21
VNG Norge AS, Results of Oil & Gas Operations Trend 23
Oil and Gas Revenue and Expenses 23
Oil and Gas Revenue and Expenses, 2013-2017 23
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 25
Oil and Gas Revenue and Expenses, Per boe 34
Oil and Gas Revenue and Expenses, By boe, 2013-2017 34
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 36
Oil and Gas Performance Metrics 44
Recent Developments 46
VNG Norge AS - Recent Developments 46
Jul 13, 2018: Kvaerner Awarded Additional Scope At Njord A 46
Jul 02, 2018: Neptune Energy to buy Norway's VNG Norge 46
Apr 19, 2018: Aibel Wins Large Njord Bravo Contract 47
Apr 10, 2018: Faroe Petroleum Announces Approval Of Plan For Development And Operation Of Fenja Field 48
Apr 05, 2018: Fenja Plan For Development And Operation Approved 49
Jan 16, 2018: DNO Receives 10 Awards In Norway's APA Licensing Round 49
Dec 21, 2017: NADL - Announces Contract Award For West Phoenix With VNG Norge 50
Dec 19, 2017: TechnipFMC Awarded Integrated EPCI Contract For VNG Fenja Project In Norwegian Sea 50
Dec 19, 2017: TechnipFMC Awarded Integrated EPCI Contract For VNG Fenja Project In Norwegian Sea 50
Dec 19, 2017: VNG Norge: Plan For Development And Operation For Fenja Submitted 51
Appendix 52
Methodology 52
Coverage 52
Secondary Research 52
Primary Research 53
Data Information Sources 53
Company Source 53
SEC/Other Regulatory Filings 53
Other Sources 53
Expert Panel Validation 53
Data Definition 54
Oil and Gas Reserves 54
Units of Measure 54
About GlobalData 55
Disclosure 55
Disclaimer 55

List of Tables
Table 1: VNG Norge AS, Key Facts 6
Table 2: VNG Norge AS, Key Valuation Metrics, 2013-2017 7
Table 3: VNG Norge AS, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 9
Table 4: VNG Norge AS, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 10
Table 5: VNG Norge AS, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 11
Table 6: VNG Norge AS, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 12
Table 7: VNG Norge AS, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 13
Table 8: VNG Norge AS, Crude Oil Reserve Changes, mmbbl, 2013-2017 14
Table 9: VNG Norge AS, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 15
Table 10: VNG Norge AS, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 16
Table 11: VNG Norge AS, Natural Gas Reserve Changes, bcf, 2013-2017 17
Table 12: VNG Norge AS, Oil and Gas Reserves Life Index, Years, 2013-2017 18
Table 13: VNG Norge AS, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 19
Table 14: VNG Norge AS, Upstream Capital Expenditure, US$ mil, 2013-2017 20
Table 15: VNG Norge AS, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017 22
Table 16: VNG Norge AS, Revenue and Expenses, US$ mil, 2013-2017 24
Table 17: VNG Norge AS, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 33
Table 18: VNG Norge AS, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 35
Table 19: VNG Norge AS, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 43
Table 20: VNG Norge AS, Oil and Gas Performance Metrics, 2013-2017 45

List of Figures
Figure 1: VNG Norge AS, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 8
Figure 2: VNG Norge AS, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 10
Figure 4: VNG Norge AS, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 11
Figure 5: VNG Norge AS, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 12
Figure 6: VNG Norge AS, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 13
Figure 7: VNG Norge AS, Crude Oil Reserve Changes, mmbbl, 2017 14
Figure 8: VNG Norge AS, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 15
Figure 9: VNG Norge AS, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 16
Figure 10: VNG Norge AS, Natural Gas Reserve Changes, bcf, 2017 17
Figure 11: VNG Norge AS, Oil and Gas Reserves Life Index, Years, 2013-2017 18
Figure 12: VNG Norge AS, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 19
Figure 13: VNG Norge AS, Upstream Capital Expenditure, US$ mil, 2013-2017 20
Figure 14: VNG Norge AS, Development Costs, By Country/Region, US$ mil, 2013-2017 21
Figure 15: VNG Norge AS, Exploration Costs, By Country/Region, US$ mil, 2013-2017 22
Figure 16: VNG Norge AS, Revenue and Expenses, US$ mil, 2013-2017 23
Figure 17: VNG Norge AS, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 25
Figure 18: VNG Norge AS, Exploration Expenses, By Country/Region, US$ mil, 2013-2017 26
Figure 19: VNG Norge AS, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 27
Figure 20: VNG Norge AS, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 28
Figure 21: VNG Norge AS, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 29
Figure 22: VNG Norge AS, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 30
Figure 23: VNG Norge AS, Production Costs, By Country/Region, US$ mil, 2013-2017 31
Figure 24: VNG Norge AS, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 32
Figure 25: VNG Norge AS, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 34
Figure 26: VNG Norge AS, Exploration Expenses per boe, By Country/Region, US$/boe, 2013-2017 36
Figure 27: VNG Norge AS, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2013-2017 37
Figure 28: VNG Norge AS, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 38
Figure 29: VNG Norge AS, Annual Net Income per boe, By Country/Region, US$/boe, 2013-2017 39
Figure 30: VNG Norge AS, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 40
Figure 31: VNG Norge AS, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 41
Figure 32: VNG Norge AS, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 42
Figure 33: VNG Norge AS, Oil and Gas Performance Metrics, 2013-2017 44