(EnergyAsia, February 1 2011, Tuesday) — Despite actively investing in exploration activities, Norway has reported a decline in both its crude oil production and reserves for 2010. Over the five-year period to 2010, its unproven reserves plunged 21% to 16.4 billion barrels of oil equivalent (boe) while proven reserves fell from 5.2 billion boe…
NORWAY: Oil production and reserves declining rapidly
Posted on January 31, 2011 by EnergyAsia