Category: Resources

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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 [...]
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. [...]
Oil and Gas are here to stay

Oil and Gas are here to stay

This is why it is necessary for all explorationists to preach the message that we need to continue to explore on the NCS. [...]
Another 20Bbo+?

Another 20Bbo+?

The UK’s petroleum reserves could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured. [...]
How to find more oil!

How to find more oil!

Five good reasons to attend the 2nd Exploration Strategy Conference. [...]
UK exploration builds momentum

UK exploration builds momentum

Between 2008 and 2017 1.5 bnboe of commercial resources were discovered in the UK. [...]
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