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Barents Sea oil and gas 2025 (Book chapter)

Book title: International Arctic Petroleum Cooperation: Barents Sea Scenarios

Authors: --- --- --- --- et al.
ISBN: 9781138783263 Year: DOI: 10.26530/OAPEN_627870 Language: English
Publisher: Taylor & Francis
Subject: Electrical and Nuclear Engineering
Added to DOAB on : 2017-04-23 11:01:33
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Abstract

What are some of the possible futures for Barents Sea oil and gas? This chapter draws upon the key trends and issues covered by the book’s thematic chapters and presents three scenarios on the prospects for Norwegian–Russian cooperation in the Barents Sea. Ultimately human interaction will play a large part in how the Barents Sea is developed, and we have therefore given the scenarios metaphorical titles related to interaction between people.

Introduction (Book chapter)

Book title: International Arctic Petroleum Cooperation: Barents Sea Scenarios

Authors: ---
ISBN: 9781138783263 Year: DOI: 10.26530/OAPEN_627852 Language: English
Publisher: Taylor & Francis
Subject: Electrical and Nuclear Engineering
Added to DOAB on : 2017-04-23 11:01:52
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Abstract

Will Arctic states cooperate in the development of Arctic petroleum resources? This is what they declare, but the barriers to the cooperative development of Arctic petroleum resources are intensifying and the future is unclear.

Norwegian–Russian political relations and Barents oil and gas developments (Book chapter)

Book title: International Arctic Petroleum Cooperation: Barents Sea Scenarios

Authors: ---
ISBN: 9781138783263 Year: DOI: 10.26530/OAPEN_627871 Language: English
Publisher: Taylor & Francis
Subject: Electrical and Nuclear Engineering
Added to DOAB on : 2017-04-23 11:01:54
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Abstract

The political relationship between Norway and Russia will influence the development of Barents Sea oil and gas. The state plays a decisive role in both the Norwegian and Russian parts of the sea. It does so as a regulator, through taxation, and through the national oil and gas companies, Gazprom, Rosneft, and Statoil. Thus, if the two states have a good relationship characterized by mutual trust, they can coordinate, search for complementarities, and mitigate issues that arise. Furthermore, due to the rising cost of oil and gas production in the Arctic, many oil and gas fields there may deliver small returns on investments. Scale economies brought about by coordinated development, joint infrastructure, and information sharing can tip projects from being commercially unviable to viable. But this depends on the ability and willingness of the two states to actively work together.

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