Norway Risks Leaving 700 million Barrels Behind as Time Runs Out

Norway could unlock volumes comparable to the Johan Sverdrup field from its existing oil and gas assets—but only if it moves quickly. In a tightening global market, advanced recovery may represent one of the few scalable sources of new supply. Norway’s mature continental shelf still holds hundreds of millions of barrels of recoverable oil and gas—but the window to extract them is closing. New analysis backed by the Norwegian Offshore Directorate suggests that advanced Enhanced Oil and Gas Recove...