The majority of Norwegian oil remains below the ocean floor

Oil and gas quantities in Norway that have yet to be discovered or extracted comprise a larger share than volumes already recovered, according to Norwegian Petroleum Directorate.

Photo: Russell Cheyne/Reuters/Ritzau Scanpix

Vast quantities of oil and gas have yet to be discovered and extracted on the Norwegian continental shelf.

According to Norwegian news outlet E24, the Norwegian Petroleum Directorate estimates that 49 percent of the extracted resources on the Norwegian shelf have been produced, while 24 percent haven't yet been found.

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