2/17/2021
In the updated Resource Accounts, the Norwegian Petroleum Directorate projects that there are 8 billion standard cubic metres of oil equivalent (Sm3 o.e.) remaining resources on the Norwegian continental shelf (NCS).
This corresponds to 19 times the volume that will be produced from the Johan Sverdrup field in the North Sea.
The Resource Accounts are an overview of the NPD’s estimated total proven and unproven petroleum resources on the NCS.
Of the remaining resources on the NCS, 4.2 billion Sm3 o.e, or 52 per cent, are proven. Unproven resources are estimated at 3.8 billion Sm3 o.e. About 60 percent of these are located in areas that are open to petroleum activities.
Total proven and unproven petroleum resources on the NCS are estimated at 15.8 billion Sm3 o.e. This is 28 million more than as of 31 December 2019.
According to May Karin Mannes, the NPD's Director analysis and data management, 49 per cent of the resources, or 7.8 billion Sm3 o.e, have been sold and delivered.
Production on the Norwegian shelf in 2020 was 229 million Sm3 o.e.
1/13/2026
In the 2025 awards in pre-defined areas (APA), 19 companies have been offered ownership interests in a total of 57 production licences on the Norwegian continental shelf (NCS).
1/8/2026
Last year's exploration result was among the best in several years, according to the Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf (NCS) in 2025.
12/16/2025
The Norwegian Offshore Directorate has put forward proposed changes to the Regulations relating to resource management in the petroleum activities and the Regulations relating to documentation in connection with storage of CO2 on the shelf for public consultation.
12/11/2025
A new report from the Norwegian Offshore Directorate shows that, in 2024, there were 24 oil and gas companies on the Norwegian continental shelf (NCS). This is the lowest number since activity started up on the shelf. At the same time, developments in exploration activity reveal a clear shift from global to Norwegian players.
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