Norway Faces Risk of Leaving Billions of Barrels of Oil and Gas Unextracted
Norway has the potential to unlock up to 4 billion barrels of oil equivalent from existing fields using advanced recovery methods, but deployment remains limited. The Norwegian Offshore Directorate highlights the urgency of accelerating these projects as production from the Norwegian Continental Shelf declines. The government has tasked the Offshore Directorate with identifying and deploying commercially viable Enhanced Oil and Gas Recovery (EOGR) projects.
Topics: energy production decline Enhanced Oil Recovery Norway energy policy Norwegian Continental Shelf oil recovery