Skip to main content

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

Published by
Oilfield Technology,


In the updated Resource Accounts, the Norwegian Petroleum Directorate projects that there are 8 billion standard cubic metres of oil equivalent (sm3 o.e.) left to produce on the Norwegian continental shelf (NCS).

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.


Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue

The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.

Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.

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/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Upstream news Offshore news North Sea oil news Oil & gas news