Tight reservoirs on Equinor and Aker BP’s agenda amid Norway’s 2.8-billion-boe potential

Norwegian energy heavyweights Equinor and Aker BP are pooling their expertise and portfolios to accelerate technology development and improve the commercial viability of tight-reservoir discoveries on the Norwegian Continental Shelf, where estimated recovery potential amounts to around 2.8 billion barrels of oil equivalent (boe).

Equinor and Aker BP are entering into a strategic collaboration on tight reservoirs on the NCS, with the aim of enabling the profitable development of more discoveries and increasing the oil and gas recovery rate through technology development, standardization, and cooperation across multiple projects.

The Norwegian Offshore Directorate has estimated a recovery potential of around 2.8 billion barrels of oil equivalent in mapped tight reservoirs, which is believed to be comparable to the expected recoverable resources in the Johan Sverdrup field. These are reservoirs where oil and gas flow very slowly through the rock.

Kjetil Hove, Equinor’s Executive Vice President for Exploration & Production Norway, emphasized: “By viewing our portfolios in context and developing common solutions, we can reduce costs and develop and qualify technology faster. Together, we can make challenging resources profitable. This benefits all partners and society at large.”

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