Compiling physical asset accounts for petroleum resources in Norway
Working paper
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https://hdl.handle.net/11250/3129365Utgivelsesdato
2024-02Metadata
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Sammendrag
The physical asset accounts for petroleum resources on the Norwegian continental shelf over the
period 2017-2022 are compiled according to SEEA-CF standard, in terms of the suggested form and
classifications, allowing a clearer and more meaningful international comparison.
The physical asset accounts for Norwegian petroleum resources are compiled, with clear distinction
being made across various types of petroleum resources (i.e., oil, gas, NGL, and condensate), as well
as different classes (i.e., Classes A, B, C, and potential deposits that is not included in SEEA-CF
standard). Therefore, not only totals including all classes of individual types of resources, but also
estimates by individual type and class are calculated and reported in the compiled physical asset
accounts.
The compiled physical assets accounts are prerequisite for further compiling the corresponding
monetary assets accounts for petroleum resources in Norway, both expected to be included in the
Norwegian Environmental Accounts (NEA). In addition, the monetary values calculated from the
asset accounts can possibly be incorporated in the balance sheet accounts in the Norwegian
National Accounts (NNA), as suggested by the recent UN Task Team Guidance Note for SNA
updating.