UK exploration builds momentum
Between 2008 and 2017 1.5 bnboe of commercial resources were discovered in the UK.
Oil & Gas
A long wait
Some 1.5 Bboe have been proved in the Barents Sea (NPD 16.05.2018) since the first well was drilled in 1980. To put that number in perspective, we must remember that…
Artificial Intelligence in Oil & Gas Production
Solution Seeker, a Norwegian tech start-up and spin-off from the Norwegian University of Science and Technology, is developing the world’s first artificial intelligence for real-time production optimisation. Centre for Integrated…
UK bouncing back
The last years have demonstrated the resilience of UKCS. Both production and production efficiency have increased. It is a matter of strategy.
Denmark, a net importer of oil
2017 was the last year in which Denmark produced more oil than the country consumed.
"We need to start now"
Equinor is planning on drilling 20-30 exploration wells annually and actively explore for gas.
Significant increase in resources
Lundin seems to have made another significant strike, with a huge upside. This time in precambrian basement rocks.
Significant increase in reserves
Following the completion of the development drilling program, reserves in the Edvard Grieg field has increased by an estimated 47 percent.
Up to 90 MMboe in Fogelberg
Two appraisal wells have given a more precise reserve estimate for the 2010 Fogelberg disocvery.
Still plenty to discover
NPD publishes resource report – about 40 Johan Castberg fields to be found on the Norwegian shelf.
Increasing the volumes
Significant hydrocarbon potential in the vicinity of the eastern flank of the Brasse field, Faroe writes in a press release.
35% more energy needed in 2040
BP is once again looking into the crystal ball, all the way up to 2040, of which the results are presented in their most recent Energy Outlook.