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The perspectives of Norwegian petroleum resources

Conference:

Abstract

In order to relate the remaining Norwegian petroleum resources to a time perspective one has to make assumptions of the future production of oil and gas. If there is assumed an average annual oil production of 80 million tons (the average the last 5 years) and an average annual gas production of 65 million ton oil equivalent (t.o.e.), which is a realistic future level of exploitation, the oil resources will last for approximately 45 years and the gas resources for approximately 80 years. There is expected that the future resources will be more challenging to find, exploit and commercialize, than those resources which are discovered so far. It is therefore important to follow strategies which maintain a high economical efficiency in all phases of the petroleum activity by looking into the possibilities for improvements. This is a continuous process which is important in order to maintain the Norwegian Continental Shelf internationally competitive. Profitable projects within improved oil recovery from existing fields, technical solutions which make it possible to exploit smaller oil and gas fields and cost efficient ways in order to discover the remaining resources on the Norwegian Shelf must be established. The remaining petroleum resources give a long term  More>>
Authors:
Nystad, A N [1] 
  1. Norwegian Petroleum Directorate (Norway)
Publication Date:
Dec 31, 1993
Product Type:
Conference
Report Number:
NEI-NO-472; CONF-930567-1
Reference Number:
SCA: 020200; 030200; PA: NW-95:005012; EDB-95:027147; SN: 95001320478
Resource Relation:
Conference: 14. Bergen conference on oil and economics,Bergen (Norway),10-11 May 1993; Other Information: PBD: 1993
Subject:
02 PETROLEUM; 03 NATURAL GAS; NORWAY; PETROLEUM DEPOSITS; NATURAL GAS DEPOSITS; CONTINENTAL SHELF; PETROLEUM; RESERVES; NATURAL GAS; 020200; 030200; RESERVES, GEOLOGY, AND EXPLORATION
OSTI ID:
10111165
Research Organizations:
Norsk Petroleumsforening, Oslo (Norway)
Country of Origin:
Norway
Language:
English
Other Identifying Numbers:
Other: ON: DE95737640; TRN: NO9505012
Availability:
OSTI; NTIS
Submitting Site:
NW
Size:
9 p.
Announcement Date:
Jun 30, 2005

Conference:

Citation Formats

Nystad, A N. The perspectives of Norwegian petroleum resources. Norway: N. p., 1993. Web.
Nystad, A N. The perspectives of Norwegian petroleum resources. Norway.
Nystad, A N. 1993. "The perspectives of Norwegian petroleum resources." Norway.
@misc{etde_10111165,
title = {The perspectives of Norwegian petroleum resources}
author = {Nystad, A N}
abstractNote = {In order to relate the remaining Norwegian petroleum resources to a time perspective one has to make assumptions of the future production of oil and gas. If there is assumed an average annual oil production of 80 million tons (the average the last 5 years) and an average annual gas production of 65 million ton oil equivalent (t.o.e.), which is a realistic future level of exploitation, the oil resources will last for approximately 45 years and the gas resources for approximately 80 years. There is expected that the future resources will be more challenging to find, exploit and commercialize, than those resources which are discovered so far. It is therefore important to follow strategies which maintain a high economical efficiency in all phases of the petroleum activity by looking into the possibilities for improvements. This is a continuous process which is important in order to maintain the Norwegian Continental Shelf internationally competitive. Profitable projects within improved oil recovery from existing fields, technical solutions which make it possible to exploit smaller oil and gas fields and cost efficient ways in order to discover the remaining resources on the Norwegian Shelf must be established. The remaining petroleum resources give a long term perspective in relation to the future petroleum activities on the Norwegian Shelf. 4 figs.}
place = {Norway}
year = {1993}
month = {Dec}
}