Free the Porcupine

Sarah Gillet, the British Ambassador to Norway, recently spoke at an event in Aberdeen about opportunities in the Norwegian Sea. She gave an insight into the current environment, noting:

 

  • Production costs are down,
  • Oil price is more stable,
  • Global energy demand is increasing,
  • Plentiful reserves left on the Norwegian shelf,
  • 80 fields are currently producing – (most in North Sea, 16 in Norwegian Sea, and 2 in Barents Sea),
  • 7 new field developments are underway (worth approximately 23 billion pounds),
  • There are 5 new plans for Operation and Development.

 

While the above is always good to hear, what I found most interesting about Sarah’s talk, was her reference to the Darwinian Theory; stating “it’s not the strongest that survive, but those most susceptible to change”.

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