National project Arctic and Cold Climate Solutions has released three market reports on Canada, Russia and Norway. These are now available for NODE participants.

INTSOK is running the national joint industry project Arctic and Cold Climate Solutions. As part of this project three in-depth market reports prepared by Rystad Energy are now published.

The reports target Canada, Russia and Norway and give both an overview and detailed information on these three markets.

The Atlantic Canadian offshore region currently has five producing projects, one development project and ongoing exploration activity. Production totaled 174,000 barrels per day of liquids and 1 billion of cubic meters of gas in 2015.

Russia’s offshore oil and gas production is expected to increase from the current level of around 700 thousand boe/d to over 1 million boe/d by 2020. This is due to the new projects currently under development.

The Norwegian Arctic, and especially the Barents Sea, has seen a great number of new discoveries over the past five years. In terms of production, the Norwegian Arctic is expected to grow considerably. The first growth phase will be in 2016-2019.

To access the market reports, please contact Bente Løvaas at GCE NODE.

February 26th 2021

Tratec: Happily diversified