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Offshore Russia

Some like it cold… Arctic il companies, supply compa- At the same time, we see resource

Interest in the nies, and service providers to estimates many times this at our

North is strong

O the oil industry are either in nearby Russian neighbours, offshore place or on their way to the North— and onshore.

and growing among to Arctic Europe-to the new, world- international

Business challenges scale, oil province.

During the next 40 years, we But to develop this knowledge base actors— will gradually see that a majority often takes more time and resources

Kåre Storvik of Norway’s oil and gas will come than a contractor may have. Physi- gives his views on from felds in the Norwegian Sea and cally, there is no mystery to calculate the Norwegian sector of the Barents what effort is needed to work in business

Sea. Resource estimates for northern Russia. But who can run the risk of in the area.

Norway are getting closer and closer getting stuck in an unfamiliar bu- to match the total of all petroleum reaucracy with expensive equipment produced during forty years on the and manpower?

The existing infrastructure

Norwegian shelf. This is when expertise and deliv- in Arctic Europe.

OE | June 2013 oedigital.com 52 052OE_0613Russia3-Arctic.indd 52 5/29/13 11:42 AM