Category: Resources

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Europe and North America not contributing to growth in sanctioned volumes

Europe and North America not contributing to growth in sanctioned volumes

Oil and gas market analyst Rystad Energy is expecting a rise in 2019 of final investment decisions (FID’s) on new petroleum projects (excluding shale [...]
From 98 to 108 MMbopd

From 98 to 108 MMbopd

According to the 2019 BP Energy Outlook, the Evolving Transition’ (ET) scenario, oil consumption will grow from 98 to 108 MMbopd from now and up to 20 [...]
8.3 billion Scm left on the NCS

8.3 billion Scm left on the NCS

The Norwegian Petroleum Directorate (NPD) estimates that the total proven and unproven petroleum resources on the Norwegian Continental Shelf is about [...]
Wisting is growing

Wisting is growing

Operator OMV has increased the estimated recoverable resources from 350 million barrels in 2017 to 440 million barrels of oil in 2018. A significan [...]
30% less reserves in Oda

30% less reserves in Oda

Operator of the Oda field, Spirit Energy expects start-up for February or March. Estimated reserves are now 32.7 million boe of which 31.5 million [...]
500MMboe in 2018

500MMboe in 2018

Altogether 13 discoveries were made on the NCS last year. In total they proved a minimum of 240MMboe and a maximum of 720MMboe, according to NPD press [...]
Another bad year!

Another bad year!

Only some 9 Bboe have been found worldwide this year. This is about the same as in 2016 and 2017 (8.3 and 7.5 Bboe, respectively), but significantly l [...]
4.1 Bboe Yet-to-Find on UKCS

4.1 Bboe Yet-to-Find on UKCS

Paul Herrington, Exploration Portfolio Manager at OGA explained at the 2nd NCS Exploration Strategy Conference in Stavanger the workflow behind these [...]
A long wait

A long wait

Some 1.5 Bboe have been proved in the Barents Sea (NPD 16.05.2018) since the first well was drilled in 1980. To put that number in perspective, we [...]
New name – old wrapping

New name – old wrapping

"Geobank" is the new name of NPD's core viewing room, which reflects that it contains lots more than just rock samples. [...]
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