Insight
Beyond first oil: Norway's multi-billion barrel recovery opportunity
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Norway's recovery factors rank among the highest globally, with the country's largest fields pushing the limits of absolute recovery. Yet significant upside remains. Wood Mackenzie's Synoptic AI platform and expansive subsurface dataset quantify this opportunity. Improved recovery from existing fields could deliver up to 5 billion barrels of oil and over 500 bcm of gas. Higher recovery will not drive Norwegian output to new highs but will extend production plateaus and slow decline rates, continuing a trend observed over previous years. The analysis identifies pathways to achieve higher recovery and examines proven success cases across Norway.
Table of contents
-
Executive Summary
- What drives higher recovery factors in Norway?
- Slides and key messages
- Summary and context
- How much more can Norway recover?
- Recovery factor benchmarking
- How to achieve higher recovery
Tables and charts
This report includes the following images and tables:
-
Recovery factor methodologyOil & gas recovery upside volume for top 20 fieldsRecovery factor benchmarkingNorway production forecast with improved recovery upside
What's included
This report contains:
Other reports you may be interested in
Asset Report
RAJA Cluster DRO
The RAJA Cluster is a three-field DRO offshore Peninsular Malaysia, awarded to Dialog under the Malaysia Bid Round 2024.
$3,720
Asset Report
Sepia and Sepia Leste
Sépia, a pre-salt oil and gas discovery in Brazil's Santos basin, was formerly known as Northeast of Tupi. The Brazilian ...
$3,720
Asset Report
L44/43, L33/43 & SW1A and L53/48
The L44/43, L33/43 and SW1A concessions are located in the Phetchabun Basin, onshore northern Thailand. The concessions contain …
$3,720
