Looking for a specific product?

Make a search for products & suppliers, articles & news.

More oil and gas on the Norwegian continental shelf

The Norwegian Petroleum Directorate presented updated resource figures for the Norwegian Continental Shelf. The Barents Sea is expected to hold 30% more oil and gas than previously estimated, and may potentially hold almost double the old estimate.

If the geological factors prove favourable, the Norwegian areas surrounding Jan Mayen may contain larger resources than the new Norwegian areas in the Barents Sea. As both areas are new, the resource estimates are uncertain. The actual resource base can only be confirmed by opening the areas for petroleum activities and drilling exploration wells.

“This is good news for Norway. These increased resources represent a vast asset for the Norwegian society. I am particularly pleased for Northern Norway, which has clearly confirmed its position as Norway’s next oil region,” says Minister of Petroleum and Energy Ola Borten Moe.

Read more about the increased resource estimates here.

 

Related news

Latest news

TechnipFMC celebrates 45 years of enhancing the performance of the engineering industry in Spain

TechnipFMC recently commemorated the event with a celebration in Barcelona,

AKVA group to deliver new feed barge to Arctic Sea Farm

Local presence on Iceland and a good training program were critical factors why Arctic Sea Farm hf chose AKVA group as supplier.

World's fastest ROV? - Project ROST

Traditionally, all cleaning has been carried out from a workboat,

New regional manager takes the helm in key oil and gas markets for DNV GL

Elaborating on the differences in the energy markets which now lie under his new responsibilities in DNV GL,

DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

DNV GL launches new JDP to test biodegradable lubricants

The test programme will investigate such aspects as hydrodynamic oil film formation,

ROV contracts in Brazil

The new contracts and contract extensions give 1 630 days of ROV services...

Steinsvik Secures a Contract for its First Concrete Barge

Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

Searching for the best biological solutions

AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.