On 27 February 2018 the NPD released its updated resource account as of 31 December 2017. It states that the total discovered and undiscovered NCS resources have increased by 8 Bboe (1.3 Bcmoe) to 98 Bboe (15.6 Bcmoe) due largely to the potential undiscovered reserves in the northeastern part of the Barents Sea following an evaluation of this area. New discoveries in 2017 added just 208 MMboe. In total the NPD reports oil resources of 51 Bbo (27 Bbo already produced, 12 Bbo proven/contingent and 12 Bbo undiscovered) and gas resources of 231 Tcfg (83 Tcfg already produced, 82 Tcfg proven/contingent and 66 Tcfg undiscovered). Of the total resources 45% have been produced, 29% are classed as reserves (including contingent resources in fields, discoveries and IOR projects) and 26% remain undiscovered. Undiscovered resources (25 Bboe) account for 47% of the remaining resources. 63% of the undiscovered resources are believed to lie in the Barents Sea, 19% in the Norwegian Sea and 18% in the North Sea. In terms of total remaining reserves including yet-to-find, the North Sea holds 44%, the Barents Sea holds 36% and the Norwegian Sea holds 20%.  The North Sea has produced the most of the three regions â 23 Bbo plus almost 64 Tcfg. It has proven resources of 8.3 Bbo plus 50.6 Tcfg and undiscovered resources totalling 2.7 Bbo plus 8.7 Tcfg. The Barents Sea holds the largest undiscovered resources at 8 Bbo plus 43.4 Tcfg. It has produced just 0.03 Bbo and 1.7 Tcfg and it has proven resources of 1.4 Bbo plus 7.9 Tcfg. The Norwegian Sea has produced almost 4 Bbo plus just over 17 Tcfg. It has proven resources of 1.3 Bbo and 21.5 Tcfg and undiscovered resources totalling 1.9 Bbo plus 13.9 Tcfg.
APA 2017round: 75 new licences offered, in the North Sea (45), the Norwegian Sea (22) and the Barents Sea (8) are divided between 34 companies. Statoil gained the most at 31, Aker BP was second with 23, Lundin has 14 and the new Spirit Egy has 11.