STAVANGER, Norway, Jan 15 (Reuters) - Norway reduced its2014 oil production forecast on Wednesday but sharply raised itsestimate for undiscovered resources, primarily on more oil andgas in the Arctic Barents Sea, the Norwegian PetroleumDirectorate (NPD) said.
Norway sees oil and gas production at 538 million barrelsthis year, below a previous estimate for 555 million barrels,while the total undiscovered resource is now seen at 18.5billion barrels of oil equivalents (boe), up from a previousestimate for 16.3 billion boe.
Norway's top oil producer include Statoil, Shell, BP, ConocoPhillips and ExxonMobil.