A modern-day oil fairy-tale in the North Sea
Before 2007, almost everyone had written off the Utsira High in the Norwegian North Sea, considering it un-prospective after 40 years of failed exploration. Today, however this is the most important area for new activity on the Shelf. New exploration prospects are being matured, exploration wells are being drilled, two fields have started production and two more are under development. In-depth knowledge about the subsurface is the foundation for all this activity.
Predicts an oil era in the Barents Sea
This week the Norwegian Petroleum Directorate presented a new report on petroleum activity in the High North. The NPD believes that with prudent management, new technology and a stepwise approach, the Barents Sea will become the most important area for maintaining production from the Norwegian Shelf.
Solveig development starts now
Today we are submitting the Plan for Development and Operation (PDO) for the Solveig oil and gas field in the North Sea. The field is being developed as a subsea installation tied in to the Edvard Grieg platform. Significant contracts have been awarded to TechnipFMC and Rosenberg WorleyParsons in connection with the development.
Petroleum industry with huge impact on society
A new analysis reveals that the oil and gas industry employs 225,000 people in Norway. Today, Kristin Færøvik, chair of the board of the Norwegian Oil and Gas association, presented the brand-new study of ripple effects to the Minister of Petroleum and Energy.