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Northern Maritime Corridor Petroleum Strategy Workshop, Stavanger 24. november 2005. The Barents Region in a global energy perspective Subjects: ● Geopolitical issues ● Norwegian strategy ● Challenges of importance By: Johan Petter Barlindhaug Barlindhaug AS. Million barrels o. e. per day.
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Northern Maritime CorridorPetroleum Strategy Workshop, Stavanger 24. november 2005 The Barents Region in a global energy perspectiveSubjects:●Geopolitical issues● Norwegian strategy● Challenges of importance By:Johan Petter BarlindhaugBarlindhaug AS NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
Million barrels o. e. per day Yet To Find Potential Oil & Gas demand New production Existing production Rest of the world N.Africa Caspian & Middle East Arctic Globaldemand NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
LNG Import to USA NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
Petroleum Province of Global Importance • A Major Energy Basin for Europe and USA • Easily accessible • Political stable • Important in a diversification strategy • LNG to USA and Europe • Pipeline gas to Europe • A transportation outlet for oil produced in Western Siberia NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
Norwegian Policy of the North • As a ocean power • Strengthening the role of Norwegian governance • Sustainable development • As an energy power • Show predictability and due concern to the security of supply • Special confidence to USA and EU-countries as consumer nations • Special confidence to Russia as a neighbour • A flexible development strategy of relevance NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
Development concept – Northern Barents Sea NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005
Challenges of Importance • Environmental concern • Advanced sub sea technology • Integrated development concepts • High development costs • Close cooperation on infrastructure NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005