Resources per sea area

The North Sea contains about 51 per cent of the remaining resources. The distribution of the remaining resources is about equal between the Norwegian Sea and Barents Sea. A large portion of the expected remaining resources in the Barents Sea have not yet been proven.
The North Sea contains about 51 per cent of the remaining resources. The distribution of the remaining resources is about equal between the Norwegian Sea and Barents Sea. A large portion of the expected remaining resources in the Barents Sea have not yet been proven.
North Sea Norwegian Sea Barents Sea

The North Sea is the engine in the Norwegian petroleum activities, with 62 producing fields at year-end, while the Norwegian Sea has 16 fields in production. The Barents Sea has two fields after Goliat started producing in 2016. The North Sea also has the largest volume of remaining resources, with about 51 per cent.

Download all resource account tables per 31.12.2016.

Remaining petroleum resources per sea area as of 31 December 2016

In million standard cubic metres oe.

Source: Norwegian Petroleum Directorate

Print illustration Download data Remaining petroleum resources per sea area as of 31 December 2016 Download PDF Download as image (PNG)

Remaining petroleum resources per sea area as of 31 December 2016 – In million standard cubic metres oe.

North Sea

The resource accounts for the North Sea show that 160 million Sm3 o.e. were sold and delivered from this part of the Norwegian shelf over the past year. At the same time, the growth in gross reserves, or the licensees’ estimates before production is deducted, amounted to 59 million Sm3 o.e. This means that the reserves that remain in the North Sea were reduced by 101 million Sm3 o.e. in 2016.

The increase in gross reserves can be explained through the delivery of a plan for development and operation (PDO) for 35/11-13 Byrding, 8/10-4S Oda and 15/8-1 Utgard, and that the reserves have increased on several fields.

Contingent resources in fields have increased by 42 million Sm3 o.e. in 2016 as the result of maturing of projects in the fields and new improved recovery projects. Contingent resources in discoveries has been reduced by 30 million Sm3 o.e. compared with last year’s accounts. The reason for this is that the resources in Byrding, Oda and Utgard have been transferred to the field portfolio. In addition, development of six of the discoveries in last year’s accounts was found to not be commercial. They are classified in resource class 6. Fourteen new discoveries were made in the North Sea in 2016. Resource growth amounts to about 50 million Sm3 o.e.

The resource estimate for the unproven resources was not updated in 2016. The expected value is estimated at 700 million Sm3 o.e. This is a reduction of 45 million Sm3 o.e. in relation to last year’s accounts, and approximately corresponds to the volume proven in new discoveries in 2016.

Original recoverable petroleum resources in the North Sea as of 31.12.2016

Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.

Source: Norwegian Petroleum Directorate

Print table Download data Original recoverable petroleum resources in the North Sea as of 31.12.2016

Original recoverable petroleum resources in the North Sea as of 31.12.2016 – Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.
Oseberg A
Oseberg A platform in the North Sea (Photo: Harald Pettersen, Statoil)

Norwegian Sea

The resource accounts for the Norwegian Sea show that 61 million Sm3 o.e. were sold and delivered from this part of the Norwegian shelf over the past year. At the same time, gross reserves, or the licensees’ estimates before production is deducted, increased by 51 million Sm3 o.e. This entails a reduction in remaining reserves in the Norwegian Sea of 10 million Sm3 o.e. in 2016.

The increase in gross reserves is due, in part, to the submission of a PDO for 6507/7-14 S Dvalin and 6406/3-2 Trestakk, and that they were transferred to reserves. The reserve estimates for several fields in the Norwegian Sea have also increased.

Contingent resources in fields increased by 2 million Sm3 o.e. in 2016. The estimate for contingent resources in discoveries was reduced by 30 million Sm3 o.e. in relation to last year’s accounts. The most important reason for this is that the resources in Dvalin and Trestakk have been transferred to reserves.

Two new discoveries were made near the Njord field in the Norwegian Sea in 2016. The discoveries are minor, and total resource growth is about 0.7 million Sm3 o.e. The estimate for unproven resources is 775 million Sm3 o.e. and this is the same as in 2015.

Original recoverable petroleum resources in the Norwegian Sea as of 31.12.2016

Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.

Source: Norwegian Petroleum Directorate

Print table Download data Original recoverable petroleum resources in the Norwegian Sea as of 31.12.2016

Original recoverable petroleum resources in the Norwegian Sea as of 31.12.2016 – Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.
Skandi Mongstad, supply vessel at Norne
Picture from Norne FPSO in the Norwegian Sea (Photo: Harald Pettersen - Statoil)

Barents Sea

The resource accounts for the Barents Sea show that 10 million Sm3 o.e. were sold and delivered from this part of the Norwegian shelf over the past year. At the same time, gross reserves, or the licensees’ estimates before production is deducted, increased by 2 million Sm3 o.e. This entails a reduction in remaining reserves in the Barents Sea of 8 million Sm3 o.e. in 2016.

Contingent resources in fields increased by 1 million Sm3 o.e. compared with last year’s accounts. The estimate for contingent resources in discoveries increased by 19 million Sm3 o.e. in relation to last year’s accounts. The reason for this is that the resource estimate in 7324/8-1 Wisting increased by 18 million Sm3 o.e. following promising results from an appraisal well in 2016.

Two new discoveries were made in the Barents Sea in 2016. Resource growth is about 7 million Sm3 o.e. Development of one of the discoveries is not considered commercial and is therefore not included in the accounts.

The unproven resources in the Barents Sea include volumes in the southeastern Barents Sea and the area around Jan Mayen. The new area in the northeastern Barents Sea after the demarcation line agreement between Norway and Russia is not included. The estimate for the unproven resources is 1 395 million Sm3 o.e. and was reduced by 5 million Sm3 o.e. this year. This is about the same volume that was proven in new discoveries in 2016.

Original recoverable petroleum resources in the Barents Sea as of 31.12.2016

Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.

Source: Norwegian Petroleum Directorate

Print table Download data Original recoverable petroleum resources in the Barents Sea as of 31.12.2016

Original recoverable petroleum resources in the Barents Sea as of 31.12.2016 – Oil, condensate and sum oil equivalents are measured in million standard cubic meters. NGL is measured in million tonnes and gas is measured in billion standard cubic meters.
Updated: 20.03.2017