Plenty of oil and gas left on the Norwegian shelf

telleramme01.jpg

17/02/2021 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.

Read the complete Resource Accounts.

Contact

Ola Anders Skauby

Director Communication, public affairs and emergency response

Tel: +47 905 98 519

Updated: 19/02/2021

Latest news

Delineation of discovery in the Norwegian Sea (6507/2-7 S)
03/10/2024 Aker BP has proven gas in appraisal well 6507/2-7 S in the Norwegian Sea, 230 kilometres west of Sandnessjøen.
Wants to open up tight reservoirs
01/10/2024 The Norwegian Offshore Directorate believes that new innovations within hydraulic fracturing should lead to the development of more discoveries in tight reservoirs. The Directorate is now challenging the industry to have a go at one of the largest puzzles of them all – the "Victoria" discovery in the Norwegian Sea.
Did you know that you can order the NCS map?
25/09/2024 The map shows all fields, discoveries, licensed area and area opened for exploration on the Norwegian continental shelf (NCS) . It also provides an overview of all production licences.
Oil and gas discovery in the North Sea (35/10-13 S)
24/09/2024 Equinor and its partner DNO have made an oil and gas discovery in the northern part of the North Sea.
Exploration activity has been profitable in all ocean areas
23/09/2024 A Norwegian Offshore Directorate analysis of exploration activity over the last 20 years (2004-2023) shows that the discoveries are valued at three times the costs expended.
Production figures August 2024
20/09/2024 Preliminary production figures for August 2024 show an average daily production of 1 982 000 barrels of oil, NGL and condensate.
Drilling permit for wellbore 6406/6-7 S
20/09/2024 The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 6406/6-7 S in production licence 1119, cf. Section 13 of the Resource Management Regulations.
Oil and gas discovery in the North Sea (15/3-13 S and 15/3-13 A)
17/09/2024 Equinor and its partners have made an oil and gas discovery in wildcat wells 15/3-13 S and 15/3-13 A on the Gudrun field in the North Sea.
Exploration seminar program finalised
10/09/2024 The Norwegian Offshore Directorate is organising an exploration seminar in Stavanger on 23-24 October. The agenda has now been announced.
Gas/condensate discovery in the Norwegian Sea (6406/2-L-2 H)
10/09/2024 Equinor and its partners have proven gas/condensate in development well 6406/2-L-2 H, 260 kilometres southwest of Brønnøysund.