Until now more than 4 000 billion cubic metres of

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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 13 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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