NPD: Total Proven, Unproven Resources on NCS Equals 14.3 Bcm
Total proven and unproven petroleum resources on the Norwegian continental shelf equate to 14.3 billion standard cubic meters of oil equivalents, according to the latest estimates from the Norwegian Petroleum Directorate.
Of this amount, 6.9 billion cubic meters of oil equivalents, or 48 percent, have been sold and delivered, the NPD said. It is expected that 7.4 billion are left to produce, with 4.6 billion comprising proven resources.
The North Sea contains about 51 percent of the remaining resources, according to the NPD, with the distribution of the remaining resources split roughly equally between the Norwegian Sea and Barents Sea.
With 62 producing fields at year-end, the North Sea is the “engine in the Norwegian petroleum activities”, the NPD said.
The Norwegian Sea has 16 fields in production and the Barents Sea has two fields after Goliat started producing in 2016.
WHAT DO YOU THINK?
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.