OSLO, Norway – The Norwegian Petroleum Directorate estimates Norway’s total proven and unproven petroleum resources at around 14.3 bcmoe.
Of this, 6.9 bcmoe (48%) have been sold and delivered, and of the 7.4 bcmoe remaining, 4.6 bcmoe are proven resources.
Unproven resources, estimated at 2.9 bcmoe, account for around 39% of remaining resources.
Much of the anticipated resources in the Barents Sea have not yet been proven.
At the end of last year, Norway had 62 producing fields in theNorth Sea, 16 in the Norwegian Sea, and two in the Barents Sea.