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Environment & Society

A sea of opportunities

Production in the North Sea is passing its peak. Many years of experience with developing tailored solutions and with production have taught us what is required in the form of sustainable investment to work in one of the world’s toughest regions.

The big opportunities on the NCS are now considered to lie in the far north. As the industry moves into these waters, it is crucial that we take with us and further develop important experience from the North and Norwegian Seas.

Two projects in particular stand out as important references for our experience as we turn our gaze northwards – Ormen Lange and Snøhvit.

Ormen Lange

No installations are visible from the surface.

Commitment in the west

Many of the challenges and opportunities we have encountered on the Norwegian and Russian sides of the Barents Sea are also present in our Canadian operations.

Oil sands

Our acquisition of a large oil sand deposit further west in Canada has been the subject of much debate and criticism, both in Norway and internationally.

Snøhvit

Like Ormen Lange, Statoil’s Snøhvit project in the Barents Sea is a groundbreaking technology development which has provided very valuable experience in Arctic regions.

Towards north-western Russia

The success of the Petro Arctic supplier network has become a cornerstone in our sustainability programme for local and national interests in north-western Russia.

The way forward

A growing demand for energy driven by strong economic growth, particularly in Asia, means that new areas must be opened for production if demand is to be met.

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