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Around 20 exploration projects are being developed in the Norwegian currently, with 13 of these yielding six discoveries, says the Norwegian Petroleum Directorate (NPD). 

Roughly 61.5 million Sm3 o.e. of gas has been bought, which is considerably higher than in the same time last year, and is in line with the NPD’s expectations.

“The Norwegian Petroleum Directorate wants to ensure that we have an active industry that explores every opportunity to create the greatest possible value from the oil and gas deposits on the Norwegian Shelf. It is therefore important that the companies maintain a high level of activity to increase recovery from producing fields,” said the NPD.