Needs for classification:
Needs for classification Governmental
Keep control with the Nation’s total petroleum resources
Company
Manage portefolio and business processes
Owner
Provide reliable and comparable data
Data reported to NPD:
Data reported to NPD Resources (volume) – Resource category 0-8
In-Place volumes
Reserves
Contingent resources
Prospective resources
Profiles (annual data) – Resource cat. 0-4
Production sales profiles (Oil, gas, condensate, NGL)
Costs (Capex, Opex, Tariff)
Environmental data (CO2, Nox nmVOC CH4)
Why report resource estimates?:
Why report resource estimates? The data collected in connection with the Norwegian National Budget is used as a basis for :
Norway’s oil policy
Norway’s economic policy
Norway’s environmental policy
Petroleum activities in Norway account for:
22 % of the Gross Domestic Product
57 % of Norway’s total exports
Legislation requires reporting annually of both produced and planned volumes
Slide9:
13.8 bill. Sm3 o.e. P10 P90 ML
Status fields and discoveries:
Status fields and discoveries