Norway has consistently held a good position, both in terms of economic strength and social welfare, for many years. It also boasts as one of the largest exporters of oil and holds the world’s largest sovereign wealth fund. This paper aims to understand the sustainability of Norway’s economy in view of its major income source being oil, and also understand the framework of the largest sovereign wealth fund and how Norway is preparing itself for a post-oil future. Additionally, this paper utilises future data estimations to critically examine the road ahead for Norway.