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
Tuban (PPEJ)
The Tuban Block is split into two separate sections, both located onshore eastern Java. The western portion contains the Mudi and ...
$3,720
Country Report
Germany upstream summary
A mature hydrocarbon producer - Germany remains one of the top 10 largest oil and gas producers in Europe. Output is primarily gas and ...
$6,480
Asset Report
Majnoon
The Majnoon field is one of Iraq's largest oil fields and is located in the south-eastern province of Basra, along the Iranian ...
$3,720
