From 98 to 108 MMbopd
According to the 2019 BP Energy Outlook, the Evolving Transition’ (ET) scenario, oil consumption will grow from 98 to 108 MMbopd from now and up to 2040. India (4.8MMbopd), China…
Oil & Gas
Cara developed as Duva
Neptune Energy, together with partners Idemitsu, Wellesley Petroleum and Pandion Energy submitted their Plan for Development and Operation for Duva to the NPD. Duva’s recoverable resources are estimated to be…
8.3 billion Scm left on the NCS
The Norwegian Petroleum Directorate (NPD) estimates that the total proven and unproven petroleum resources on the Norwegian Continental Shelf is about 15.6 billion standard cubic metres of oil equivalents at…
Tulip Oil starts gas production in Dutch North Sea
Tulip Oil Netherlands Offshore announces the start-up and commissioning of the Q10 offshore gas development in the Dutch North Sea, only 15 months after taking the Final Investment Decision (FID).…
High-Res Characterisation of Unconventional Reservoirs
GEOLOG has developed an innovative workflow, integrating wellsite activity with laboratory work to define a comprehensive, high-resolution understanding of unconventional reservoir properties. © GEOLOG. Unconventional activities constantly require new technological…
Wisting is growing
Operator OMV has increased the estimated recoverable resources from 350 million barrels in 2017 to 440 million barrels of oil in 2018. A significant effort has been made over the…
New production record in 2023
Bente Nyland, Norwegian Petroleum Directorate’s Director General, presented mostly good news from the Shelf in 2018. With great enthusiasm about the high activity she looked back at 2018 and showed…
Demands immediate production stop at Groningen
On January 17, the Dutch High Court will have a hearing to consider demands to immediately end the gas production from the Groningen field. Local and regional authorities and even…
30% less reserves in Oda
Operator of the Oda field, Spirit Energy expects start-up for February or March. Estimated reserves are now 32.7 million boe of which 31.5 million bbls are oil. This is a…
500MMboe in 2018
Altogether 13 discoveries were made on the NCS last year. In total they proved a minimum of 240MMboe and a maximum of 720MMboe, according to NPD press releases throughout the…
Another bad year!
Only some 9 Bboe have been found worldwide this year. This is about the same as in 2016 and 2017 (8.3 and 7.5 Bboe, respectively), but significantly less than in…
Hydrocarbon reserves in mature areas
The deliberate search for additional reserves in proximity to producing assets pays off.