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Recoverable Reserves On The NCS Cross The 14 Billion scm Mark

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Hira Shahnawaz Akhtar
Published on
Updated on
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The Norwegian Petroleum Directorate (NPD) recently released a summary of its resource accounts at the end of 2013 and revealed that the total original recoverable reserves in the Norwegian Continental Shelf (NCS) have touched 14.2 billion cubic meters (scm) in 2013. Of this total, remaining reserves made up 3.17 billion scm while a large chunk of these reserves (nearly 44%) has already been extracted from the NCS.

Table 1: Total recoverable reserves potential of the NCS

Recoverable Reserves
Source: Norwegian Petroleum Directorate

Major recoverable reserves still lie in the North Sea

The data from NPD...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.