The primary estimate within the Resource Accounts reveals that the entire confirmed and unproven petroleum sources on the Norwegian continental shelf quantity to approx. 15.eight billion customary cubic metres of oil equal (Sm3 o.e.). This is 28 million greater than as of 31 December 2019. 49 per cent of the sources, or 7.eight billion Sm3 o.e., have been bought and delivered.
The NPD estimates that eight billion Sm3 o.e. stays to be produced, four.2 billion Sm3 o.e. of this, or 52 per cent, are confirmed sources.
The estimate for sources that aren’t confirmed is three.eight billion Sm3 o.e. The estimate has been lowered by 75 million Sm3 o.e. attributable to the truth that equal volumes have been confirmed via exploration in 2020.
The North Sea is house to about 43 per cent of the remaining sources. The distribution of the rest reveals that 38 per cent stay within the Barents Sea and 19 per cent stay within the Norwegian Sea. Large components of the remaining anticipated sources within the Barents Sea will not be confirmed.
At year-end there have been 67 producing fields within the North Sea. One new subject got here on stream in 2020, Skogul, and manufacturing additionally began from the redeveloped Tor subject. The Gyda subject shut down manufacturing in 2020 after practically 30 years, 10 years longer than estimated within the improvement plan.
There are 20 producing fields within the Norwegian Sea. One new subject began manufacturing; Dvalin. The Ærfugl subject had its official start-up in November 2020 (for technical accounting functions, the sources in Ærfugl have been entered below the Skarv subject). There are two producing fields within the Barents Sea.
(Source: NPD – Image: Statfjord B platform)

The publish NPD – LARGE AMOUNTS OF OIL AND GAS LEFT ON THE NORWEGIAN CONTINENTAL SHELF appeared first on Energy Global News.

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