Some of you are too young to remember when we found the 'black gold' in the North Sea ....

@Geri

The North Sea oil fields are shared between several states, so it isn't the difference between UK and Norway.

Bigger part, imho, is how a former officer of the British Iraq Petroleum Company named Farouk al-Kasim moved to Norway due to his son needing treatment for cerebral palsy.

He applied for a position at the ministry of industry at the same time as the Fields were found, and ended up drafting almost singlehandedly the Sovereign Fund, which he hoped to solve the Resource Curse.

@iju @Geri
That graphic is woefully inaccurate. While ‘oil’ is predominantly found in the northern part of North Sea, UK & Norwegian sectors, Norway also has significant resources in the Norwegian Sea. Surprisingly, most countries bordering these seas openly publish a wealth of information & GIS resources about O&G resources.