Oljedirektoratet

The Resource Accounts for last year have now been published

ressursregnskapet-2023-forside

20/02/2024 The Resource Accounts for 2023 show an increase in the volume of reserves and contingent resources. The overall petroleum resources have been reduced somewhat.

The volume of undiscovered resources has been reduced, primarily in unopened areas in the Barents Sea. Areas opened for petroleum activities have seen a minor reduction, which is offset by exploration results in 2023.

Estimates for the overall resource volumes (including volumes sold and delivered) on the Norwegian shelf amount to 15,575 million Sm³ of oil equivalent (o.e.), which means a minimal reduction of 191 million Sm³ of o.e., or 1.2 per cent compared with the previous year.

Around 55 per cent of the overall resources on the Norwegian shelf have already been sold and delivered. Seven per cent are contingent resources in fields and discoveries – meaning petroleum resources for which development plans have yet to be approved. 22 per cent of the overall resources remain to be discovered.

"This shows that, even after 50 years of petroleum activity, there's plenty left to discover and produce, in all ocean areas. The Norwegian shelf is not in any way outdated," says Nadine Mader-Kayser, Assistant Director of Technology, Analyses and Coexistence. Some of these resources are time-critical: "This means that we need to find out how they can be produced, profitably and with a small climate footprint, while the infrastructure is still in the area," Mader-Kayser says.

Contact

Ola Anders Skauby

Director Communication, public affairs and emergency response

Tel: +47 905 98 519

Fact box

Petroleum is discovered, discoveries are developed as fields if they are commercially viable – and the oil and gas is produced and sold. This results in dynamic resource accounts that change from year to year.

The Norwegian Offshore Directorate maintains an overview of overall petroleum resources. The goal is to manage these resources in the best possible manner for the broader society.

Read the 2023 Resource Accounts (Excel)

Read the full report

Updated: 29/02/2024

Latest news

Well for data acquisition on Wisting
22/04/2024 Equinor has completed an appraisal well (7324/7-4) on the Wisting discovery in the Barents Sea. The objective was to acquire data on the reservoir and cap rock, for use in ongoing evaluation and development of the discovery.
Production figures March 2024
19/04/2024 Preliminary production figures for March 2024 show an average daily production of 2 086 000 barrels of oil, NGL and condensate.
Norwegian Offshore Directorate publishes new deep sea data
17/04/2024 In June 2022, the Norwegian Offshore Directorate published data collected up to 2022. The Directorate is now releasing deep sea data gathered from 2022 to 2024.
The future in the Barents Sea is here now
17/04/2024 The Johan Castberg ship will soon be heading north. With the ship in place, the plan is to have three producing fields in the Barents Sea by the end of the year.
Oil discovery in the North Sea
17/04/2024 Vår Energi has made an oil discovery in "Ringhorne Nord" (wells 25/8-23 S and 25/8-23 A & B), north of the Ringhorne Øst field, 200 kilometres northwest of Stavanger.
Entering into cooperation with Greenland and Denmark on seabed minerals
15/04/2024 This cooperation involves an MoU – Memorandum of Understanding – with the aim of acquiring additional knowledge on seabed minerals.
Drilling permit for well 35/11-27 S
03/04/2024 The Norwegian Offshore Directorate has granted Wintershall Dea Norge AS drilling permit for well 35/11-27 S in production licence 248, cf. Section 13 of the Resource Management Regulations.
Seabed minerals – step by step
26/03/2024 Seabed minerals represent a new and exciting opportunity for Norway, and a chance for us to be a pioneer nation – much like we have been within the oil and gas industry, both as regards stewardship of resources and development of technology.
Drilling permit for well 24/6-5
25/03/2024 The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for well 24/6-5 in production licence 203, cf. Section 13 of the Resource Management Regulations.
Sign up for Technology Day 2024
22/03/2024 Now, a very exciting program with lectures from a variety of companies is ready for Technology Day on June 6th.