Norway Encourages E&Ps to ‘Think Outside the Box’ 

Pipeline flows of natural gas from Norway have helped the European Union maintain a tight supply balance, along with demand cuts and record LNG imports, but the country’s oil and gas authority reports that most of the discovered reserves remain untapped.

In an updated survey of the natural gas discoveries, the Norwegian Petroleum Directorate (NPD) concluded around 65% of the reserves on the Norwegian Shelf have not seen significant development activities.

While NPD assumes a certain percentage of the gas may never be extracted because of the “different degrees of complexity” in the shelf’s geography, it is encouraging exploration and production (E&P) companies to continue searching for ways to make use of untapped reserves.

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