Stay updated with breaking news from Resource Accounts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Resource Accounts for the Norwegian continental shelf in 2022 show good growth in reserves and good maturing of resources in fields and discoveries. Total resources have declined slightly.
The Resource Accounts for the Norwegian continental shelf 2021 were presented Feb 22. The Accounts show that more oil and gas was proven than in the previous year, and that nearly two-thirds of these reserves were gas.
Norway: Plenty of oil and gas left on the Norwegian shelf 17 Feb 2021 Resource Accounts, the Norwegian Petroleum Directorate projects that there are 8 billion standard cubic metres of oil equivalent (Sm3 o.e.) left to produce on the Norwegian continental shelf (NCS). This corresponds to around 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. Un...