Resource Accounts: Good reserve growth in 2022

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20/02/2023 The Resource Accounts for the Norwegian continental shelf in 2022 show good growth in reserves and good maturing of resources in fields and discoveries. Total resources have declined slightly.

Gross reserves increased by 262 million standard cubic metres (Sm³) oil equivalent (oe) compared with 2021. The increase is mainly the result of many investment decisions in 2022 and the submission of several plans for development and operation (PDOs).

Total resources are estimated at 15 767 million Sm3 oe., which is 97 million Sm3 oe. lower than in 2021. Most of this reduction is in the remaining discovered resources.

Minor adjustments have been made in the estimates for undiscovered resources.

Contact

Ola Anders Skauby

Director Communication, public affairs and emergency response

Tel: +47 905 98 519

Updated: 20/02/2023

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