The shelf in 2009 – The resource accounts
15/01/2010 There are no significant changes in the total estimate for the petroleum resources on the Norwegian shelf as of 31 December 2009. The estimate is 13 billion standard cubic metres of oil equivalents (Sm3 o.e.) The accounts show an increase in gross oil reserves of 64 million Sm3.
Distribution of petroleum resources by maturity as of 31 December 2009
5.3 billion Sm3 oil equivalents (o.e.) have been produced. 82 discoveries and almost 289 projects for increased recovery from fields in production, along with approved projects, results in a portfolio of 4.8 billion Sm3 o.e. of remaining, proven resources.
The gross increase in oil reserves in 2009 was 64 million Sm3. The largest increases in oil reserves come from the Oseberg, Alvheim and Åsgard fields. In addition, the resources in Goliat and Oselvar have matured into reserves.
Of the authorities' goal of maturing 800 million Sm3 of oil to reserves within 2015, 64 million Sm3 of oil (or about 403 Mbbls) have been recorded as new reserves in 2009. During the period 2005 to 2009, the total growth in reserves has been 294 million Sm3 of oil.
The annual gross growth in reserves 1980-2009.