Commentary, 11/12 2013

Opportunity Abounds

Thinking back a couple of years – all the way back to late 2010, early 2011 – we can recall a time of celebration. 2011 was the year when the 2010 Avaldsnes/Aldous discovery, later renamed Johan Sverdrup, kept making headlines as a series of appraisal drilling revealed its dazzling scope: 1.7 to 3.3 billion boe of gross recoverable resources. 2011 also included the Skrugard discovery in the Barents Sea. Not since the 1980s had the Norwegian Continental Shelf seemed so promising.