The NPD's estimate of total discovered and undiscovered petroleum resources on the Norwegian continental shelf has increased with 0.1 billion standard cubic metres of oil equivalents (Sm3 o.e.) from last year to about 14.2 billion Sm3 o.e.

Forty seven per cent of these resources have been sold and delivered. It is expected that 7.6 billion Sm3 o.e. remain to be produced. Of this, 4.7 billion Sm3 o.e. are proven resources. The estimate for undiscovered resources is 2.9 billion Sm3 o.e., or about 38 per cent of total remaining resources.

Tags: Norwegian Petroleum Directorate