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Arctic exploration will reverse decline in Norwegian oil production, says ONS poll


Published Aug 30, 2012
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ONS 2012

A poll conducted at the Offshore Northern Seas (ONS) conference in Stavanger has revealed that industry professionals see Arctic exploration as a viable solution to Norway’s declining oil production rates.

74% of participants said that the development of sizeable reserves in Arctic waters offshore Norway could reverse the country’s diminishing North Sea production rates by 2030. By contrast, only 26% of participants felt Norway would not be able to abate the decline through Arctic exploration.

The Industry Snapshot Poll was conducted on the first day of ONS by global independent technical advisor, GL Noble Denton. Senior professionals from across the industry also took part in the poll online.

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