More oil and gas on the Norwegian continental shelf

The Norwegian Petroleum Directorate presented updated resource figures for the Norwegian Continental Shelf. The Barents Sea is expected to hold 30% more oil and gas than previously estimated, and may potentially hold almost double the old estimate.

If the geological factors prove favourable, the Norwegian areas surrounding Jan Mayen may contain larger resources than the new Norwegian areas in the Barents Sea. As both areas are new, the resource estimates are uncertain. The actual resource base can only be confirmed by opening the areas for petroleum activities and drilling exploration wells.

“This is good news for Norway. These increased resources represent a vast asset for the Norwegian society. I am particularly pleased for Northern Norway, which has clearly confirmed its position as Norway’s next oil region,” says Minister of Petroleum and Energy Ola Borten Moe.

Read more about the increased resource estimates here.

 

Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.