Norway needs to see production trends develop in the Barents Sea to keep output steady beyond 2025. Map courtesy of the Norwegian Petroleum Directorate. June 21 (UPI) — Beyond 2025, oil and gas production from offshore Norway will need to come from undiscovered resources if the trend line is to remain steady, a report said. The Norwegian Petroleum Directorate, the nation’s energy regulator, reported in its annual resource forecast that just under half of all the expected resources on the continental shelf are in discoveries yet to be found. Nevertheless, the NPD said its surveys resulted in an increase in the estimate of undiscovered resources from 18.2 billion to 25.2 billion barrels of oil equivalent. Most of those undiscovered reserves are thought to be in the Barents Sea, with half of that in areas yet to be opened in the far north reaches of those waters. Thursday’s report follows […]