NPD expects oil production on the Norwegian Continental Shelf to fall

Feb 09, 2010 01:00 AM

The Norwegian Petroleum Directorate's (NPD) report for the fourth quarter of 2009 provides an overview of the oil and gas production, drilling activity, new discoveries and seismic acquisition during the year.
The oil production on the Norwegian continental shelf in the fourth quarter of 2009 was stable and increased somewhat from the third quarter. Six new discoveries were made on the shelf -- all characterized as small -- in the fourth quarter of 2009.

Petroleum production
The production of oil went down from 2.19 mm bpd in the fourth quarter of 2008 to 2.02 mm bpd in fourth quarter of 2009. Including condensate and liquid natural gas (NGL), the daily production of liquids fell by 160,000 bbl to 2.38 mm bbl.
Gas production in the fourth quarter of 2009 was 27.34 mm cm. This is somewhat lower than in the corresponding period in 2008, when production amounted to 28.21 mm cm.
Total petroleum production from the Norwegian shelf in the fourth quarter was 62.11 mm cm of oil equivalents. This is 3.32 mm cm of oil equivalents less than in the corresponding period in 2008.

Discoveries
Seven new discoveries were made on the shelf in the fourth quarter of 2009. The discoveries are considered to be small.
Six of the discoveries were made in the North Sea.

(Date of discovery in parenthesis):
-- 25/2-17, oil, 3-5.5 mm cm of recoverable oil equivalents. (12 October)
-- 24/9-9 S, 24/9-9 A and 24/9-9 B oil, 3-4.5 mm cm of recoverable oil equivalents. (7 October)
-- 25/8-17, small oil discovery, size not stated. (29 October)
-- 15/9-B-1, gas-condensate, 6-10 mm cm of recoverable oil equivalents. (November)
-- 25/4-10 S, oil, 0.5-1.5 mm cm of recoverable oil equivalents. (10 November)
-- 25/4-10 A, gas, small discovery, size not stated. (28 November)

The last discovery was made in the Norwegian Sea:
-- 6507/3-8, gas, 1.3-1.5 bn cm of recoverable gas. (15 December)

Drilling activities
Nineteen exploration and appraisal wells were completed on the Norwegian continental shelf in the fourth quarter of 2009. This is five more than in the corresponding period in 2008.
There were 22 mobile drilling facilities in activity on the shelf in the fourth quarter of 2009, compared with 21 in the corresponding period last year.
During the last three months of last year, 40 development wells and 5 sidesteps in development wells were spudded. During the corresponding period in 2008, 33 development wells and 8 sidesteps were spudded.

Development plans
No new plans for development and operation (PDO) were submitted in the fourth quarter of 2009.

Pre-qualification
In October Bridge Energy was pre-qualified as an operator on the Norwegian continental shelf.
Bridge Energy is a Norwegian company established in 2005. The company, with its main office in Asker near Oslo, has almost 20 employees.

Seismics
In 2009, 3D seismics were acquired (tows with multiple parallel cables) in areas covering a total of 31,732 sq km of the Norwegian continental shelf.
In addition, 46 220 km of 2D seismics were acquired (tow with one cable).

The 21st licensing round
The 21st licensing round on the Norwegian shelf started on November 5, when the companies were invited to nominate blocks they would like included in this licensing round.
The 21st licensing round is scheduled for announcement before summer 2010, and the allocation of new production licenses is scheduled for spring 2011.

Source / Norwegian Petroleum Directorate
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