Commentary – 3/4 2009
The Squeeze is On
The oil industry is noted for long-term projects that can take years – sometimes more than a decade – to move from discovery to production. Here in our own backyard, we watched as Hydro used 10 years to go from discovery to production on the giant Ormen Lange field. A decade isn’t so long when you consider that the still-on-the-drawing-board Shtokman field on the Russian side of the Barents Sea was discovered in 1988.