Most of the new oil in Norway will be from Johan Sverdrup which is API 28. Asgard is a mixed oil and gas/condensate development, so no surprise that it’s blend is light, I think the oil has declined faster than the gas so I don’t know if they have to blend other oil in to meet the sales assay. In 2018, Norway’s oil reserves stood at 8.6 billion barrels, an increase from the previous year. However, the country has seen an overall decline in its proved oil reserves since 1995. During this Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably concurrent with the gas. This statistic shows proved reserves of natural gas in Norway from the end of 1995 to the end of 2018. At the end of 2015, there were 1.8 trillion cubic meters of proved natural gas reserves in
24 Oct 2010 Forty years of oil and gas production has produced values of $1.2 trillion The Norwegian Petroleum Directorate estimates that there are 17.6 6 Nov 2018 Not only do they harbor vast reserves of gas and oil, but as the Norway contribution to the consultation notes: «more than 1 million tons of CO2 3 Aug 2019 Why is there so much oil beneath the Arctic — and do we really need it? to the vast oil and gas reserves contained in this underwater turf. The United States, Norway, Sweden, Finland and China are all trying to cash in.
Most of the new oil in Norway will be from Johan Sverdrup which is API 28. Asgard is a mixed oil and gas/condensate development, so no surprise that it’s blend is light, I think the oil has declined faster than the gas so I don’t know if they have to blend other oil in to meet the sales assay. In 2018, Norway’s oil reserves stood at 8.6 billion barrels, an increase from the previous year. However, the country has seen an overall decline in its proved oil reserves since 1995. During this
Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. Other national funds built up from oil profits are also thought to be ramping up their investments in renewables. In 2011, Norway was the eighth largest crude oil exporter in the world (at 78Mt), and the 9th largest exporter of refined oil (at 86Mt). It was also the world's third largest natural gas exporter (at 99bcm), having significant gas reserves in the North Sea. At the end of 2015, there were 1.8 trillion cubic meters of proved natural gas reserves in Norway, down from 2.3 trillion cubic meters ten years earlier. This decreased to 1.6 trillion cubic
12 Nov 2019 Norway has to change tack and end prospecting for new oil reserves, says resulting from burning Norwegian oil and gas outside of Norway. Norway holds 66 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 17th in the world and accounting for about 1% of the world's total natural gas 7 Jan 2019 According to the Oil & Gas Journal, Norway had 6.37 billion barrels of proved crude oil reserves as of January 1, 2018, the largest oil reserves 8 Apr 2019 Western Europe's biggest petroleum producer is falling out of love with oil. The falling production in major deposits in the North and Norwegian seas has led the Government of the Kingdom of Norway to step up its efforts to attract oil and 19 Sep 2018 After all, Norway, too, needs to fund its welfare state. And it would be nearly impossible to do so once the oil and gas reserves are empty or if the