NPD: Record Number of Fields in Operation Offshore Norway

OMV Finds More Gas, Condensate Onshore Pakistan

The Norwegian Petroleum Directorate reported Wednesday that a record number of fields are in operation on the Norwegian shelf.

In a summary of progress on the Norwegian Continental Shelf, the NPD said discoveries in 2013 offset roughly half of oil and gas production that occurred on the shelf last year. Meanwhile, an unprecedented number of wildcat wells were drilled during the year, which saw the second greatest number of exploration wells ever recorded on the NCS.

The NPD said that 20 new discoveries were made in 2013, which is seven more than were made in the previous year. Exploration activity was greatest in the North Sea, where a total of seven oil and gas deposits were proven. Eight discoveries were made in the Norwegian Sea, with five made in the Barents Sea.

Four new fields came on stream on the shelf in 2013 and 13 fields are currently being developed, the NPD said. Oil companies plan to submit another 13 plans for development and operation over the next two years, the organization added.

The NPD said that the high level of activity in the oil and gas sector is expected to continue but growth will stop. Investment in the shelf for 2014 are expected to reach NOK 176 billion ($11 billion) with investment expected to increase to around NOK 180 billion 2015 before remaining stable at NOK 170 billion per year through to 2018.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
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.


Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)

Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours