With Equinor and partners now drilling the Isflak well in between the Havis and Drivis discoveries, it is thought that the changes of success are quite high.
Looking at the present-day creaming curve, it will take up to 100 years to find 7 billion barrels. If these barrels are there to be found in the first place.
Whilst the creaming curve for conventional North Sea oil discoveries flattens off, it is important to realise that only a fraction of oil has so far been produced.
Following the awards of the 2020 APA round yesterday, we had a look at some of the more frontier licences and made some inferences on the plays being chased.
There were 90 producing fields on the Norwegian shelf at the end of last year. Production from the Johan Sverdrup field made oil production higher in 2020 than in 2019.…