The petroleum resources

Petroleum resources on the Norwegian continental shelf have been estimated to 15.6 billion standard cubic metres of oil equivalents. 55 per cent of the total discovered and undiscovered petroleum resources on the Norwegian shelf have so far been produced and sold.

Resource accounts per 31.12.2023

Total resources, reserves, contingent resources and undiscovered resources at year end.

Resources per sea area

Resource accounts for the North Sea, the Norwegian Sea and the Barents Sea.

Resource classification system

Resources are classified according to their maturity in regards to development and production.

How is petroleum formed?

Description of how organic material is broken down and transformed to petroleum.

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