Norway Voring exploration basin Report

Asset Report 31 December 2020

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Report summary

The Vøring Basin is situated on the Mid Norwegian Shelf at latitudes greater than 62° north. This predominantly gas-prone hydrocarbon province extends out from the shelf to waters deeper than 2,000 metres. Much of the exploration to date has focused on the Early to Middle Jurassic sandstone sequence in the shelf area of the basin, but in recent years attention has also turned to the exploration potential of the emerging Late Cretaceous deepwater play with over half of all exploration wells coming in the last 15 years.

Summary of commercial outlook
- Advantages:
- Challenges:
Wells drilled
Company activity
Prospective resources by play
- Jurassic shelf
- Late Cretaceous Deepwater
- Prospective resources costs and underlying development assumptions
Prospect economics - Jurassic shelf
Prospect economics - Late Cretaceous Deepwater
Full cycle basin economics
Oil and gas prices
Licensing
Fiscal terms