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Norway: Everlasting Oil Deposits To Be Produced

An updated resource account shows that there are some 8.4 billion Sm3 oil deposits left to be produced and 56 discoveries yet to be approved for development on the Norwegian Contionental Shelf

Norway: Everlasting Oil Deposits To Be Produced

An updated resource account shows that there are some 8.4 billion Sm3 oil deposits left to be produced and 56 discoveries yet to be approved for development on the Norwegian Contionental Shelf.

The Norwegian Petroleum Directorate's, NPD's, is a review of the estimated quantities of perpetual petroleum resources on the Norwegian continental shelf.
The resources on the Norwegian continental shelf are ranked due to the maturity as shown in the NPD's resource classification.

This year's account reflects that there has been a relatively good growth in exploration field and an increase in gross reserves.

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