The Norwegian oil and gas firm DNO has announced a large gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148, in which DNO holds a 30% interest. Carmen would hold 120 to 230 Mboe of recoverable resources. At 175 Mboe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013.
In May 2023, The Norwegian oil exploration company Aker BP also made a oil discovery in the North Sea off Norway, with preliminary estimates indicating a gross recoverable volume of 40 to 90 Mboe.
Norway’s hydrocarbon output rose by 0.4% in 2022 to 3.99 boe/d, driven up by a 7.9% increase in gas production to 122 bcm. Liquid extraction declined by 6.9% in 2022 to 1.89 boe/d with a 5% drop in oil production to 1.68 mb/d.