NCS – EVEN MORE TO GAINIOR Norway 2018April 24, 2018

Arvid Østhus, Assistant Director, Development & OperationsNorwegian Petroleum Directorate

The Norwegian Petroleum Directorate (NPD)Various roles

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npd.no

Resource Account 2017More than half remains to be recovered

NPD’s Resource EstimateSignificant increase since 1990

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Discoveredresources

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High reserve growth in 2017

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Snorre

• Snorre Expansion Project• 24 infill wells• Import of gas for WAG• Increased lifetime to 2040• IOR

• 31 MSm3 oil• RF increase from 46 to 51%

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Oil Resources in FieldsLarge remaining volumes

RESERVES

9 %

REMAINING

53 %

SOLD

38 %

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New TechnologyAre we too busy to try out new technology?

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EOR Technical Potential~600 million Sm3 oil

Resource overview and EOR potential on the 27 largest NCS oil fields

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Tight ReservoirsLarge oil and gas deposits

Illustrasjon: Fishbone

Utilize new technology for profitable development

• Demonstrate EOR potential• Technology for tight

reservoirs• Required to reduce risks• Previous pilots with great

spin-offs:• Ekofisk• Troll

Testing neededPilots wanted

NPD’s IOR Award

Next award: 2018 ONS

• EVEN MORE TO GAIN

• Large technical potential beyond what’s on the resource accounts

• EOR potential• Potential in tight reservoirs

• Need for field tests/pilots

Summary

Facts about the Norwegian continental shelf

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