Rystad Energy estimates the discovery to hold recoverable resources of around 70 million boe. This will bring cumulative discoveries year-to-date to 520 million boe, surpassing the 518 million boe found in 2018.
“Norway could see total discoveries reaching 650 million boet by year-end with decent success in ongoing exploration drilling campaigns,” Shenga added.
Aker BP has been the most successful driller thus far in 2019, with 41% of discovered volumes. Equinor comes in second, with 23% of total volumes. Lundin, Vaar Energi, and Wellesley Petroleum share the final place on the podium with 4% each.
“While the Barents Sea has been Norway’s most successful area in the past seven years in terms of total volumes discovered, the number of discoveries and the volumes found prove that the mature parts of the NCS still have a lot to offer. The proximity of these discoveries to existing infrastructure makes them lucrative,” noted Shenga.
