Exploration performance in Norway has dropped significantly in the last five years, reflecting a deterioration of quality of the prospect portfolio. Despite this, a dramatic increase in high impact drilling is planned for 2019 – results will be a key test of Norway’s ability to sustain exploration into the future.
Westwood has looked back on the last five years of exploration drilling in Norway and examines future activity in its latest report, Norway Exploration Performance 2014-2018.
Hydrocarbon production and discovered resources across the NCS for the last two 5-year periods
Source: Westwood Atlas
The report looks at the overall industry performance in Norway over the past five years. It analyses the key discoveries, company activity and performance, discovered volumes and exploration efficiency. It also examines 2019 drilling and includes a selection of key wells planned to spud in Norway in the remainder of 2019.
CLICK HERE To read a summary of the report