Норвегия: The Resource Report 2009, historical growths in reserves


In 2005, the NPD set a target of a gross growth of five billion barrels (800 million Sm3) oil reserves during the period 2005 – 2015. To achieve this target, it is expected that some three-quarters of the increase must come from projects on fields that are already operating. During the first four years of this 10-year period, the oil reserves have grown by 232 million Sm3, but as reserves only rose by 29 million Sm3 in 2008, the target may be difficult to attain by 2015.

Even though the price of oil has been very high over the past three years, licensees of fields on the Norwegian continental shelf have not succeeded in taking decisions on major, new projects that will significantly increase the reserves. This is worrying and may have negative consequences for the long-term resource management.

Experience shows that reserves deriving from projects that help to improve recovery in fields are put into production quicker than those deriving from development of new discoveries.

The Resource Report 2009
p. 15-16
http://www.npd.no/en/Publications/Resource-Reports/2009/
http://www.npd.no/Global/Engelsk/3%20-%20Publications/Resource%20report/Resource%20report%202009/Ressursrapporten%202009%20engelsk.pdf