Norway relegated in oil rankings

Slippery slope: for Norway oil output

AP Photo/Ted S. Warren

Steve Marshall

, Steve Marshall

 20 June 2011 09:52 GMT

Norway saw the largest oil production drop of any country last year as it dropped out of the list of the world’s top 10 producers, according to BP’s annual statistical review.

The dramatic drop in the country’s output, which fell 9.4% in 2010 compared with the previous year to about 2.1 million barrels per day, is likely to serve as an alarming confirmation for the Oslo government that it is failing to reverse the trend of declining production from mature fields.

Norway has now slumped to thirteenth place in the league table of world producers, where it ranked sixth in 2001 when its production hit about 3.4 million bpd.

Topping the list was powerhouse Russia, producing at 10.27 million bpd, with Saudi Arabia and…

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