NPD projects 8 billion standard cubic metres of oil left to produce on Norwegian continental shelf

This corresponds to around 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%, are proven. Unproven resources are estimated at 3.8 billion sm³ o.e.

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% 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.

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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/18022021/npd-projects-8-billion-standard-cubic-metres-of-oil-left-to-produce-on-norwegian-continental-shelf/