Plenty of oil and gas left on the Norwegian shelf

telleramme01

17/02/2021 In the updated Resource Accounts, the Norwegian Petroleum Directorate projects that there are 8 billion standard cubic metres of oil equivalent (Sm3 o.e.) remaining resources on the Norwegian continental shelf (NCS).

This corresponds to 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. Unproven resources are estimated at 3.8 billion Sm3 o.e. About 60 percent of these are located in areas that are open to petroleum activities.

Total proven and unproven petroleum resources on the NCS are estimated at 15.8 billion Sm3 o.e. This is 28 million more than as of 31 December 2019.

According to May Karin Mannes, the NPD's Director analysis and data management, 49 per cent of the resources, or 7.8 billion Sm3 o.e, have been sold and delivered.

Production on the Norwegian shelf in 2020 was 229 million Sm3 o.e.

Read the complete Resource Accounts.

Contact

Ola Anders Skauby

Director Communication and public affairs

Tel: +47 905 98 519

Updated: 19/02/2021

Latest news

Boreløyve for brønn 6407/9-13 i utvinningsløyve 1060
22/10/2021 The Norwegian Petroleum Directorate has issued a drilling permit to Equinor Energy AS for well 6407/9-13, cf. Section 13 of the Resource Management Regulations.
Dry well southeast of the Johan Sverdrup field in the North Sea – 17/8-1
22/10/2021 Lundin Energy Norway AS, operator of production licence 976, is in the process of concluding the drilling of wildcat well 17/8-1.
Drilling permit for well 36/1-4 S in production licence 885
21/10/2021 The Norwegian Petroleum Directorate has issued a drilling permit to Wellesley Petroleum AS for well 36/1-4 S, cf. Section 13 of the Resource Management Regulations.
Production figures September 2021
20/10/2021 Preliminary production figures for September 2021 show an average daily production of 2 022 000 barrels of oil, NGL and condensate,
Drilling permit for well 24/12-7 in production licence 1041
18/10/2021 The Norwegian Petroleum Directorate has issued a drilling permit to Aker BP ASA for well 24/12-7, cf. Section 13 of the Resource Management Regulations.
Minor oil and gas discovery near the 7122/6-1 (Tornerose) discovery in the Barents Sea – 7122/6-3 S
13/10/2021 Vår Energi AS, operator of production licence 901, has concluded the drilling of wildcat well 7122/6-3 S.
Dry well near the Solveig field in the North Sea – 16/4-12
08/10/2021 Lundin Energy Norway AS, operator of production licence 981, is in the process of concluding the drilling of wildcat well 16/4-12.
25 years’ experience with safe and secure CO2storage
05/10/2021 Carbon capture and storage (CCS) is a hot topic. Director General Ingrid Sølvberg recently took part in a panel discussion at the EU-Norway Energy Conference to spread the word about safe and secure storage of CO2 on the Norwegian shelf.
Minor oil discovery near the Ekofisk field in the North Sea – 2/5-15
28/09/2021 DNO Norge AS, operator of production licence 006 C, has concluded the drilling of wildcat well 2/5-15.
Delineation of the 6507/3-13 oil and gas discovery southwest of the Norne field in the Norwegian Sea – 6507/3-14
28/09/2021 Equinor Energy AS, operator of production licence 159 B, has concluded the drilling of appraisal well 6507/3-14.