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Unformatted text preview: esources in
fields amount to some 1 360 million cubic metres. In addition, the industry
is expected to develop another 560 million cubic metres, using different
measures to increase oil recovery, and to carry out development plans. The
undiscovered oil resources amount to some 1,500 million cubic metres.
Until now, more than 4 000 billion cubic metres of recoverable gas
reserves have been proven on the Norwegian continental shelf. In the
14 USA Geological Service. Available on: <www.usgs.gov/>
Oljedirektoratet (Norwegian Petroleum Directorate). Available on: <www.npd.no>. 13
© Ifri F. Harbo / The European Gas and Oil Market future, another 2 000 billion cubic metres of gas is expected to be
discovered. The question of how long gas production in Norway will last
depends on the resource base, the authorities’ framework conditions, the
companies’ will to identify and develop new discoveries, as well as the
market demand for gas. In addition, large amounts of gas are reinjected
into the reservoirs in order to increase oi...
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- Summer '14