Plenty of oil and gas left on the Norwegian shelf

telleramme01.jpg

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, public affairs and emergency response

Tel: +47 905 98 519

Updated: 19/02/2021

Latest news

“New” source rock discovered west of Svalbard
24/04/2025 Studies of natural oil and gas seeps from the seabed have yielded new knowledge about a previously overlooked young source rock.
Production figures March 2025
23/04/2025 Preliminary production figures for March 2025 show an average daily production of 1 972 000 barrels of oil, NGL and condensate.
Drilling permit for wellbore 30/11-16 S
15/04/2025 The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for wellbore 30/11-16 S in production licence 873, cf. Section 13 of the Resource Management Regulations.
An APA overview
09/04/2025 Through APA the industry has gained regular access to new acreage on the Norwegian continental shelf. Today, this includes nearly all the acreage that has been opened for petroleum activity.
Technology Day programme announced
08/04/2025 The Norwegian Offshore Directorate’s Technology Day will be held on 5 June. There are still some slots available!
Another sulphide deposit, “Gygra”, discovered on the NCS
02/04/2025 The Centre for Deep Sea Research at the University of Bergen (UiB) and the Norwegian Offshore Directorate have discovered a new sulphide location on the Knipovich Ridge, west of Svalbard.
New organisation at the Norwegian Offshore Directorate
01/04/2025 The Norwegian Offshore Directorate is implementing a new organisation.
Oil and gas discovery in the North Sea (35/10-15 S and A)
28/03/2025 DNO and its partners have made an oil and gas discovery in the "Kjøttkake" prospect.
Dry well in the Norwegian Sea (6507/2-8)
27/03/2025 Aker BP ASA and its partners have completed drilling on the “Kongeørn” prospect in the Norwegian Sea, 240 kilometres west of Sandnessjøen.
Drilling permit for wellbore 25/11-30 S
27/03/2025 The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 25/11-30 S in production licence 169, cf. Section 13 of the Resource Management Regulations.