Norway

Norway

Norway Well Slot – 50% exploration success rate so far in 2021

Westwood Global Energy reports that there were six exploration well programmes active as of April 27. A total of eight exploration wells have completed to date in 2021, from which four commercial discoveries have been made with total resources of c. 217 mmboe, giving a 50% commercial success rate to date.

Norway

One in three success rate for Norwegian explorers so far in 2021

Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.

Norway

Productive year for Norwegian explorers

Westwood Global Energy reports that there were four exploration well programmes active as of December 28. Three exploration well programmes were spudded in December and two exploration programmes completed.