NPD issues Norway resource estimate

Offshore staff

OSLO, Norway – Total discovered and undiscovered petroleum resources on the Norwegian continental shelf are around 14.2 bcmoe, according to the latest assessment from the Norwegian Petroleum Directorate (NPD).

Of this, 47% has been sold and delivered.

NPD calculates that 7.6 bcmoe remain to be produced, of which 4.7 Bboe are proven. Undiscovered resources account for roughly 38% of total remaining volumes, and half of these are in the Barents Sea.

As for proven remaining resources, 51% are in the North Sea with the rest split between the Barents Sea and the Norwegian Sea.

Exploration activity offshore Norway last year added 30 MMcmoe of fresh reserves from 16 discoveries. Of these, six were in the Norwegian Sea and 10 in the North Sea.

Several of the discoveries are still under evaluation, so the resource range could change.

At year-end, Norway had 65 producing fields in the North Sea, 16 in the Norwegian Sea, and one in the Barents Sea (Snøhvit).


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...