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Introduction

Ingrid Sølvberg
Ingrid Sølvberg, director for development and operations

Significant value remains to be extracted from the Norwegian continental shelf. In fact, the estimated resource base is the same today as it was a decade ago. To realise the full potential value, the industry must collaborate to exploit existing infrastructure and adopt available technology.

The downturn now being experienced by the industry has led to increased cost consciousness and more efficient operations. Over the past couple of years, the NPD has registered a reorientation in company behaviour towards more short-term decisions. In times such as these, it is particularly important to maintain a long-term perspective and not to fall into the temptation of opting for short-term solutions.

The Norwegian government expects all profitable resources to be recovered – not just the “easy” barrels.

Read Ingrid Sølvberg’s foreword here