5 – Appendix
Conversion factors and designations:
The NPD's resource classification and definitions:
- Resources is a general term for all oil and gas that can be recovered.
- Resources are classified according to maturity, which measures how far along they are in the planning phase leading to production.
- Reserves are recoverable petroleum volumes not yet produced, but which have been approved for production.
- The primary classifications are reserves, contingent resources and undiscovered resources.
Plays and method for calculating undiscovered petroleum resources: https://www.npd.no/en/facts/geology/plays/