Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

NPD Reports 2.8B Barrel Increase in Norwegian Resources

change text size
NPD Reports 2.8B Barrel Increase in Norwegian Resources

The Norwegian Petroleum Directorate announced Friday that its 'petroleum resource account' for Dec. 31 2012 stood at 85.5 billion barrels of oil equivalent of total recoverable resources – an increase of 2.8 billion barrels compared with a year earlier.

The NPD said that the increase in recoverable resources was mainly due to an increase in field reserves, increased resource estimates for discoveries, resource growth from new discoveries and an increase in the volume estimates of yet-to-be-discovered resources.

Growth in reserves during 2012 was 2.16 billion barrels. This increase was due to discovered resources being approved for development and because there had been an increase in reserves for fields in production. Ekofisk, Troll and Gullfaks Sør saw the largest increase in oil reserves. Ormen Lange had the largest increase in gas reserves. 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell Agrees Sale of Norwegian Downstr... (Dec 18)
 -  Independent Gets Cronx Extension (Dec 18)
 -  Det norske Appoints New Head of Projec... (Dec 18)
 -  Rose is Granted Utah Drilling Permit (Dec 18)
 -  Solo Oil Purchase of Tanzanian License... (Dec 17)
Most Popular Articles
From the Career Center
Jobs that may interest you
Principal Project Manager - Oil & Gas
Expertise: Executive, Pipeline Engineering
Location: West Monroe, LA
 
Commercial Construction SALES- Multiple Locations
Expertise: Business Development, Customer Service
Location: Oklahoma City/Tulsa, OK
 
Sales- Commercial Construction: Multiple locations TX and OK
Expertise: Business Development, Customer Service
Location: Dallas, TX
 
search for more jobs