WoodMac: Norway's 10 billion bbl of undeveloped resources could net $106 billion

09/01/2014
Norway holds 10 billion boe of discovered but undeveloped natural resources, of which 60% could be commercialized and potentially add $106 billion to the country's revenues, Wood Mackenzie reported in its latest upstream estimates released Aug. 26 at the Offshore Northern Seas conference in Stavanger. The undeveloped resources are held within 206 discoveries and spread across the Norwegian continental shelf, with half in the North Sea and the remainder divided equally between the Norwegian Sea and the frontier Barents Sea. The discoveries range in size from less than 1 million boe to 2.4 billion boe at Johan Sverdrup, for which a concept for the first development phase was selected in Feb...
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