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

DNV GL unveils the complexity of ocean governance in report for the UN Global Compact

Given the complexity of the topic,

DNV GL ends operations in Iran by 4th November

Our operations in Iran will cease within 4 November 2018.  

TechnipFMC named top Petroleum International Contractor by ENR

This accomplishment places us in front of companies such as Petrofac,

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.

DNV GL launches revised design standard and new certification guideline for floating wind turbines

The role of offshore wind, including floating offshore wind energy, 

Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

When the IMO confirmed the 2020 deadline for the 0.5 per cent global sulphur cap in 2016, 

DNV GL launches Operations & Analytics Centre in India to enable 24/7 monitoring for renewable assets globally

The new global monitoring centre is especially significant to independent power providers, 

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

The flexible, efficient and environmentally friendly design was developed by Jiangnan Shipyard in cooperation with GTT,

DNV GL starts phase II of project to examine the impact of phase-contamination on oil flow meters

Accurate measurement of the production of oil fields is an important means ...