Articles tagged with "npd"

A Monster from the Deep

Posted by Euan Mearns on December 21, 2011 - 3:29pm
Topic: Supply/Production
Tags: aldous major south, avaldsnes, declines, giant field, lundin petroleum, north sea, norway, npd, peak oil, statoil [list all tags]

With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North Sea. The Aldous Major South - Avaldsnes discovery on the Utsira High structure is currently estimated to contain 1.7 to 3.3 billion barrels of recoverable oil. The astonishing thing about this discovery is that it has lain undiscovered in a mature oil province for so long providing ample encouragement for explorers to go on exploring.

The recoverable resource estimates have grown with every well drilled and with a new delineation well spudded on 28th November, further news on the size of this giant is expected in early January.


Figure 1 Oil fields can often be imagined as subterranean hills draped in mudstone (the seal) and partially filled with oil-saturated sandstone. This 3D image shows the Avaldsnes and Aldous Major South discoveries are in all likelihood part of the same giant field.

This post is joint with Rune Likvern. One of us (EM) owns common stock in Lundin Petroleum.

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Daddy, will the lights be on at Christmas?

Posted by Euan Mearns on December 20, 2007 - 11:30am in The Oil Drum: Europe
Tags: aleksandr ananenkov, berr, european gas, gas exports, gas imports, gazprom, iea, norwegian gas, npd, russian gas, vladimir milov [list all tags]

... or is Europe running low on natural gas?

OECD Europe gas imports may grow by 295 BCM per annum by 2020. In the same time period, global LNG production is set to grow by 350 BCM per annum. So we Europeans should be OK, so long as the USA, Japan, China, South Korea, India and Taiwan are not planning to expand their LNG imports as well.


Edinburgh, the capital of Scotland, at Christmas. A wondrous site. And none of our politicians or the general public ever wonder where the energy comes from and how we will pay for it. Cutting CO2 emissions is a priority for all parties. Eliminating nuclear power is also high on the agenda. Confused? Our politicians certainly are. Visit Edinburgh while you can, it's one of Europe's finest cities.

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