As stated in an article posted recently via TUjobs.com, the Johan Sverdrup oilfield in Norway is planning to expand to seven platforms by 2025. Eventually, the oil field will represent 25 percent of the total Norwegian oil platform production. At a recent hearing, Statoil issued program proposals for the impact assessment ... Read More...
Oil Industry in Norway
Johan Sverdrup, the most important oil discovery in Norway in decades, could yield a recovery rate as high as 70 percent, according to Statoil, the country’s largest energy company and operator of the field. What seems like Norway’s third largest discovery ever as well as the biggest since 1974, could hold ... Read More...
Norway‘s largest energy company Statoil recently expressed its interest in pursuing exploration for oil and gas off the east coast of Canada. The oil company announced that it found between 300 and 600 million barrels of recoverable oil in the Bay du Nord, 500 km northeast of St John‘s in August ... Read More...
The Norwegian Petroleum Directorate (NPD) recently increased its estimate of undiscovered recoverable oil and gas resources in Norway. The increase was 16% to 18.74 billion barrels of oil equivalent, up from its last estimate made in 2011 of 16.17 billion boe. The increase is due to resources in the Barents Sea ... Read More...
As western Europe’s largest oil and gas producer, Norway is now exploring the idea that up to 40% of its untapped resources could be in the Barents Sea. These resources are estimated to be worth up to 230 billion Euros. With this, Kirkenes – a small Norwegian town in the high ... Read More...
According to a recent survey based on the average income of oil workers, oil workers in Norway earn the second highest income in the world, with the highest income going to oil workers in Australia. The survey, conducted by leading international recruitment consultancy Hays Oil & Gas, states that the average ... Read More...