Norway is set to give a significant boost to its unproven oil and gas resources next month as it includes the northern part of the Barents Sea as a potential new petroleum province.
Upstream has learned that Petroleum & Energy Minister Terje Soviknes will announce a substantial increase in the official figure for probable resources off Norway on 25 April.
The revision is based on new conclusions from the Norwegian Petroleum Directorate (NPD) after a detailed mapping of the prospectivity in the northern parts of the Barents Sea through extensive gathering of seismic data and cores.
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