Resource accounts 2014

02/03/2015 The Norwegian Petroleum Directorate's resource accounts estimate the total recoverable petroleum resources to be 14.1 billion standard cubic meters (Sm3) of oil equivalents (o.e.).

This represents a slight decline from 2013. 6.4 billion Sm3, or 45 per cent of the total resources, have been sold and delivered.

The total recoverable petroleum resources have decreased by 21 million Sm3 o.e. (0.15 per cent) since 2013. The reason for the decline is that 12 of the discoveries in the previous accounts have been reassessed, and are now considered to have a low likelihood of development.

Reserves

The part of the remaining, proven, recoverable and saleable volumes for which development decisions have been made or which are already in production, is called reserves.

This year's reserve growth totalled 13 million Sm3 o.e., compared with 102 million Sm3 o.e. in 2013. This growth can primarily be explained by the submission of one Plan for Development and Operation (PDO) in 2014, for the 34/10-53 S Rutil discovery in Gullfaks Sør.

The reserve growth for oil was 40 million Sm3, and the gas reserves were reduced by 17 million Sm3 o.e. There was also a decline in the associated liquid products. The Troll, Grane and Ivar Aasen fields contributed the most to the reserve growth for oil. The cause of the reduction in gas reserves was, among other things, greater uncertainty surrounding the implementation of subsea compression on Ormen Lange, so this project was therefore removed from the reserves.

219 million Sm3 o. e. were sold and delivered in 2014. Including the reserve growth of 13 million Sm3 o.e., reserves declined by 206 million Sm3 o.e.

The table below shows fields that were shut down, and fields that started production in 2014, fields under development at the end of last year and fields that are expected to start production in 2015.

 

Fields/
discoveries shut down in 2014
Fields starting production in 2014 Fields under development in 2014 Fields with planned start-up in 2015
Heimdal * Brynhild Aasta Hansteen  
Huldra Gudrun Bøyla Bøyla (producing)
Murchison Fram H-Nord Edvard Grieg Edvard Grieg
33/9-6 Delta Svalin Flyndre  
    Gina Krogh  
    Goliat Goliat
    Hanz  
    Ivar Aasen  
    Knarr Knarr
    Martin Linge  
    Valemon Valemon (producing)

* Production on Heimdal officially shut down in November 2011, but it is still in operation as a processing centre for several fields. 

 

Contingent resources

Contingent resources include proven petroleum volumes that are contingent on clarification and decisions before they can be approved for production.

Contingent resources in fields amount to 819 million Sm3 o.e. and have increased by 7 million Sm3 o.e. over the last year.

Contingent resources in discoveries amount to 1121 million Sm3 o.e. 92 discoveries are currently being considered for development. 65 per cent of the resources are oil. The resource estimate for Johan Sverdrup (phases 1 and 2) amounts to 48 per cent of the oil resources in discoveries.

In 2014, oil resources in discoveries increased by 54 million Sm3, while gas resources in discoveries increased by 7 million Sm3 o.e. The growth is from the new discoveries in 2014, minus the resources in the 12 discoveries, included in last year's accounts, which have now been excluded because they will most likely not be developed. The growth from new discoveries is greatest in the Barents Sea, both for oil and gas. Evaluation of the discoveries is in progress, and both the resource estimates and potential developments are uncertain.

 

Undiscovered resources

The total estimate for undiscovered resources is 2.8 billion Sm3 o.e. The estimate in this year's accounts was reduced by 105 million Sm3 o.e., which corresponds to the volumes proven in new discoveries in 2014. The NPD will prepare a new evaluation of undiscovered resources in 2015.

Figure 1 shows the distribution of the total resources. The resource estimates are uncertain; this is also illustrated in the figure. The total remaining recoverable resources have been estimated at 7.7 billion Sm3 o.e., with a range of uncertainty (P10 - P90) between 5.4 and 11.3 billion Sm3 o.e.

Figure 1

 

Figure 1: Distribution of the total recoverable resources and uncertainty in the estimates as of 31 December 2014.

 

Contact in the NPD:
Marit Arnesen, tel. +47 51 87 64 33

Updated: 27/11/2015

Latest news

Dry well north of the Heidrun field in the Norwegian Sea – 6507/8-11 S
29/11/2022 Equinor Energy AS, operator of production licence 124, has concluded the drilling of exploration well 6507/8-11 S.
Correction of production figures October 2022
25/11/2022 NPD has made an adjustment to the preliminary gas-production figures for October.
Welcome to IEA Technical Collaboration workshops
10/11/2022 22. – 23. November: Research and experience on Enhanced Oil Recovery. 24. November: "Oil and gas in the context of energy security and transition".
Drilling permit for well 25/10-17 S
10/11/2022 The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA drilling permit for well 25/10-17 S, cf. Section 13 of the Resource Management Regulations.
Drilling permit for well 16/1-35 S
08/11/2022 The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA drilling permit for well 16/1-35 S, cf. Section 13 of the Resource Management Regulations.
All status reports are now on the FactPages and the FactMaps
04/11/2022 All available status reports (relinquishment reports) are now available on the FactPages.
Gas/condensate discovery near the Oseberg field in the North Sea
04/11/2022 OMV (Norge) AS, operator of production licence 1100, is in the process of concluding the drilling of exploration wells 30/5-4 S and 30/5-4 A.
Announcement: Acreage for CO2 storage on the Norwegian Continental Shelf
02/11/2022 On 2 November 2022, the Ministry of Petroleum and Energy announced an area for CO2 storage pursuant to the CO2 Storage Regulations.
Sharing data from older wells
31/10/2022 Production and injection data from older wellbores is now available in Diskos.
Impact assessment for mineral activity on the Norwegian continental shelf
27/10/2022 The impact assessment in connection with the opening process for seabed mineral activities is now being put forward for consultation, with a deadline for responses of 27 January 2023.