According to the Norwegian Petroleum Directorate’s new calculations, the undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed.
The Norwegian Petroleum Directorate is expecting a new record in the number of exploration wells in the Barents Sea this year.
Preliminary production figures for March 2017 show an average daily production of 2 145 000 barrels of oil, NGL and condensate, which is an increase of 63 000 barrels per day (approx. 3 percent)...
Lundin Norway AS, operator of production licence 338, has completed the drilling of appraisal well 16/1-27 on the Edvard Grieg oil field in the central part of the North Sea.