Fossil Energy – Norway
Total petroleum resources on the Norwegian continental shelf (NCS) saw a minor increase last year, according to last year’s inventory – the Resource Accounts for 2024.
The Resource Accounts for 2024 show a small increase in the total petroleum resources on the NCS. There was an increase in reserves, a reduction in contingent resources and a small increase in undiscovered resources.
The estimates for total resource volumes (including the volume that has been sold and delivered):
• 8 980 million standard cubic metres (Sm³) of liquids
• 6 631 billion Sm³ of gas
• Total of 15 611 million Sm³ of oil equivalent (o.e.)
This amounts to an increase of 36 million Sm³ of o.e. compared with the previous year.
Around 56 per cent of the total resources on the NCS have been sold and delivered. 7 per cent are contingent resources in fields and discoveries. 22 per cent of the total resources have yet to be discovered.
