In Norway, there are 10 billion barrels of discovered oil equivalent (boe) yet to be developed and we believe that 60% of these resources have the potential to be commercialised.
Using GEM, our Global Economic Model, and its unique methodology for valuing commercial and technical reserves, we've calculated that the conversion of these discoveries could be worth US$22 billion to companies while the government stands to gain US$84 billion from taxes alone.
Here James Webb, one of our expert upstream analysts, explains our in-depth analysis of the Norway's undeveloped resources.
* A transcript of the video is available to download.
10 billion barrels: Norway's undeveloped resources [Subscription required]
Download your complimentary copy of the charts and other examples from the report.
You may also like
Calculating the value of Norway's incremental projects
If you would like to interview one of our experts, or meet us at ONS in Stavanger this week, please get in touch with one of our regional press offices or email us at firstname.lastname@example.org.
Find out more
GEM. Still setting the standard. Always leading the way.
Our dataset covers more than 6,900 assets, 2,163 companies and 5,991 individual tax markers across 231 fiscal regimes. It's also fully auditable, so you can customise company, price and fiscal-terms to create bespoke asset and portfolio valuations based on your own numbers and assumptions.
Register your interest to find out more.