Ministry of Petroleum and Energy

Maximizing Benefits from Resource Development

Norway- British Columbia Offshore Oil and Gas Roundtable

Victoria, BC, November 18th, 2002

Deputy Minister of Petroleum and EnergyMs. Brit Skjelbred

Ministry of Petroleum and Energy

Production and net export of crude oil incl. NGL

Facts 2002 figure 9.2

2,58

2,75

3,04

3,29

3,41

3,56

3,73

6,98

8,10

8,70

0 2 4 6 8 10

UAE

Canada

Venezuela

China

Norway

Mexico

Iran

Russia

USA

Saudi Arabia

mill b/d

1,63

1,79

1,94

2,18

2,44

2,55

2,62

3,22

4,21

7,41

0 2 4 6 8

Mexico

Kuwait

Iraq

Nigeria

UAE

Venezuela

Iran

Norway

Russia

Saudi Arabia

mill b/d

Production Net export

Source: Petroleum Economics Ltd.

Ministry of Petroleum and Energy

The state organisation of petroleum operations

N o rw e g ia nP e tro le u m D ire c to ra te

M in is try o f F in a n ce M in is try o fP e tro leu m a n d E n e rgy

M in is try o f L a b o ura n d G o ve rnm e nt

A d m in is tra tion

G o ve rn m e nt

S to rtin g e t(P a rlia m e n t)

Facts 2002 figure 3.1

Ministry of Petroleum and Energy

Norwegian petroleum policy - main objectives

• Maximise value creation for the nation

• Develop a national oil and gas industry

• Be in the environmental forefront:• Long term resource management

• Coexistence with other industries

Ministry of Petroleum and Energy

Preconditions for a sustainable petroleum sector

• Continous HSE improvements

• Maintain a competitive Norwegian

• Continental Shelf

• Petroleum industry

Ministry of Petroleum and Energy

Norwegian petroleum policy - measures

• Effective regulation and government ownership

• Research and technology development

• Internationalisation

Ministry of Petroleum and Energy

State participation

Ministry of Petroleum and Energy

R&D - National Strategy for the 21st Century

R & D

Short

term R & DDemonstration

Application

“large scale”

Five priority areas:

• Improved recovery• Environmental protection• Deep water• Small fields• The gas value chain.

Ministry of Petroleum and Energy

Internationalisation

• Capitalise on Norwegian competence og technology

• Exploit the potential of emerging markets

• Even out fluctuations in the activity level of the NCS

• Aquisition of new technology and know-how

Ensure long-term value creation and employment

Ministry of Petroleum and Energy

Internettadresse - Internet address

www.oed.dep.no

www.mpe.dep.no

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