natgillin/translations-raw huggingface dataset:
As part of this multi-billion effort, we will open a cutting edge Technology Centre at Mongstad on the 7th of May.
As part of this multi-billion effort, we will open a cutting edge Technology Centre at Mongstad on the 7th of May.
• The challenges we face are huge, but this should serve as an inspiration to us all.
• The challenges we face are huge, but this should serve as an inspiration to us all.
An industry for the future – Norway’s petroleum activities:
An industry for the future – Norway’s petroleum activities:
• From the beginning of our oil and gas adventure, our aim has always been to manage the petroleum resources for the benefit of the entire Norwegian people.
• From the beginning of our oil and gas adventure, our aim has always been to manage the petroleum resources for the benefit of the entire Norwegian people.
We have succeeded.
We have succeeded.
We have built up competence, and we have petroleum-related activities and businesses all over the country.
We have built up competence, and we have petroleum-related activities and businesses all over the country.
In 2010, the petroleum sector contributed to 26 percent of the State revenues and 200.000 jobs, which is significant in Norway.
In 2010, the petroleum sector contributed to 26 percent of the State revenues and 200.000 jobs, which is significant in Norway.
• Our sovereign wealth fund holds about 600 billion USD today, and it will increase as the Norwegian Continental Shelf will continue to produce large surpluses.
• Our sovereign wealth fund holds about 600 billion USD today, and it will increase as the Norwegian Continental Shelf will continue to produce large surpluses.
This gives us other challenges than most other OECD countries – but still challenges.
This gives us other challenges than most other OECD countries – but still challenges.
• We can not spend too much money in our domestic economy and thereby ruin it.
• We can not spend too much money in our domestic economy and thereby ruin it.
We must continue to reform society and industries to keep our ability to compete.
We must continue to reform society and industries to keep our ability to compete.
We can not allow ourselves to get lazy.
We can not allow ourselves to get lazy.
• Today, we are still delivering results as a society – but it is not self evident that this will continue.
• Today, we are still delivering results as a society – but it is not self evident that this will continue.
• The activity level on the Continental Shelf is at an all-time high.
• The activity level on the Continental Shelf is at an all-time high.
The Norwegian offshore market is the world’s largest.
The Norwegian offshore market is the world’s largest.
One of last year’s biggest global oil discoveries was made in the North Sea.
One of last year’s biggest global oil discoveries was made in the North Sea.
• The government white paper, An industry for the future – Norway’s petroleum activities was recently debated and passed in the the Norwegian parliament, the Storting.
• The government white paper, An industry for the future – Norway’s petroleum activities was recently debated and passed in the the Norwegian parliament, the Storting.
• In the white paper, the Government presented an ambitious strategy for the Norwegian oil and gas industry.
• In the white paper, the Government presented an ambitious strategy for the Norwegian oil and gas industry.
I am pleased by the broad support our strategy received in the Storting.
I am pleased by the broad support our strategy received in the Storting.
• The significance of this support cannot be overstated.
• The significance of this support cannot be overstated.
For a long-term, capital-intensive business like oil and gas, stability, predictability, continuity and long-term consistency are essential elements in oil and gas policy.
For a long-term, capital-intensive business like oil and gas, stability, predictability, continuity and long-term consistency are essential elements in oil and gas policy.
The discussions in the Storting reflect a consensus that serves as a basic factor in your commercial decision making processes and in your planning of future business opportunities in Norway.
The discussions in the Storting reflect a consensus that serves as a basic factor in your commercial decision making processes and in your planning of future business opportunities in Norway.
• The core element in the strategy presented in the white paper is a parallel and active commitment to exploit all our resources in the most efficient manner possible.
• The core element in the strategy presented in the white paper is a parallel and active commitment to exploit all our resources in the most efficient manner possible.
We must focus on all the various parts of the resource base in parallel in order to achieve stable production, the highest possible yield from the fields, and maximum long-term value creation.
We must focus on all the various parts of the resource base in parallel in order to achieve stable production, the highest possible yield from the fields, and maximum long-term value creation.
Increased recovery, discoveries
Increased recovery, discoveries
• A significant part of the production over the next decade will come from existing fields and discoveries.
• A significant part of the production over the next decade will come from existing fields and discoveries.
To help curb the decline in oil production in this timeframe we need to succeed in our efforts on existing fields.
To help curb the decline in oil production in this timeframe we need to succeed in our efforts on existing fields.
Many fields have produced for a long time and measures to improve recovery from these fields are urgent.
Many fields have produced for a long time and measures to improve recovery from these fields are urgent.
• There is high activity related to producing fields.
• There is high activity related to producing fields.
An example can be Ekofisk south and Eldfisk II.
An example can be Ekofisk south and Eldfisk II.
Last year, the Storting approved development plans entailing investments of about 65 billion Norwegian kroner.
Last year, the Storting approved development plans entailing investments of about 65 billion Norwegian kroner.
The projects will increase recovery from the Ekofisk and Eldfisk fields by almost 500 million barrels of oil equivalent.
The projects will increase recovery from the Ekofisk and Eldfisk fields by almost 500 million barrels of oil equivalent.
• In 2011, the Ministry approved 10 new developments.
• In 2011, the Ministry approved 10 new developments.
Several of these will also contribute to increased oil recovery from existing fields by using capacity in already existing infrastructure, thus prolonging the lifetime of other fields and facilities.
Several of these will also contribute to increased oil recovery from existing fields by using capacity in already existing infrastructure, thus prolonging the lifetime of other fields and facilities.
We expect companies to submit numerous development plans over the next two years.
We expect companies to submit numerous development plans over the next two years.
• A number of the new developments are tie-backs to existing infrastructure.
• A number of the new developments are tie-backs to existing infrastructure.
In Norway, profits from a tie-back project will benefit the new field – rather than create a super-profit for the host infrastructure.
In Norway, profits from a tie-back project will benefit the new field – rather than create a super-profit for the host infrastructure.
The principle that the net value of a field must be generated and realized at the field will be maintained.
The principle that the net value of a field must be generated and realized at the field will be maintained.
• Timely production of resources in existing fields and around late-life facilities is a high priority for the Ministry.
• Timely production of resources in existing fields and around late-life facilities is a high priority for the Ministry.
I strongly encourage you to view increased oil recovery as a key responsibility to be pursued and realized on all fields.
I strongly encourage you to view increased oil recovery as a key responsibility to be pursued and realized on all fields.
Exploiting a field’s potential in full is a crucial element in your licence to operate.
Exploiting a field’s potential in full is a crucial element in your licence to operate.
• However, we also see new, stand-alone developments.
• However, we also see new, stand-alone developments.
This includes “a stream of old discoveries” that have finally been matured and become commercial.
This includes “a stream of old discoveries” that have finally been matured and become commercial.
• This also includes more recent discoveries, like the ones at Utsirahøyden in the North Sea.
• This also includes more recent discoveries, like the ones at Utsirahøyden in the North Sea.
Effective, value-creating solutions are cornerstones in Norwegian oil and gas policy.
Effective, value-creating solutions are cornerstones in Norwegian oil and gas policy.
Therefore, I am glad the owners of Luno and Draupne now have been able to agree on a solution that will trigger a coordinated, cost-efficient development.
Therefore, I am glad the owners of Luno and Draupne now have been able to agree on a solution that will trigger a coordinated, cost-efficient development.
Active exploration of opened acreage
Active exploration of opened acreage
• Existing fields and discoveries alone cannot realize the long-term production scenario we would like to see.
• Existing fields and discoveries alone cannot realize the long-term production scenario we would like to see.
• New discoveries are needed as well – both in mature areas and in frontier areas.
• New discoveries are needed as well – both in mature areas and in frontier areas.
The medium-term production and value creation scenario – and in particular the long-term one – are closely connected to what we can find.
The medium-term production and value creation scenario – and in particular the long-term one – are closely connected to what we can find.
• This year we expect exploration levels to remain high, with 55 wildcat and appraisal wells to be drilled!
• This year we expect exploration levels to remain high, with 55 wildcat and appraisal wells to be drilled!
• Last year delivered remarkable exploration results in Norway:
• Last year delivered remarkable exploration results in Norway:
o The Johan Sverdrup discovery – made in one of the most thoroughly explored parts of the North Sea – has the characteristics of being one of our largest oil fields. o The significant oil discoveries on Skrugard and Havis, north-west of Hammerfest in the Barents Sea, open up a new oil province.
o The Johan Sverdrup discovery – made in one of the most thoroughly explored parts of the North Sea – has the characteristics of being one of our largest oil fields. o The significant oil discoveries on Skrugard and Havis, north-west of Hammerfest in the Barents Sea, open up a new oil province.
• These results are encouraging.
• These results are encouraging.
We need more news like this in the years to come, to realise our strategies for the sector.
We need more news like this in the years to come, to realise our strategies for the sector.
• Two types of licensing rounds have been established to achieve an appropriate exploration of both mature and frontier areas.
• Two types of licensing rounds have been established to achieve an appropriate exploration of both mature and frontier areas.
The interest from the companies in our licensing rounds is at a record high.
The interest from the companies in our licensing rounds is at a record high.
This signifies expectations for both medium and long-term production.
This signifies expectations for both medium and long-term production.
• Earlier this month, I offered participation interests in production licences in mature areas to 42 companies.
• Earlier this month, I offered participation interests in production licences in mature areas to 42 companies.
27 of these companies are offered operatorship.
27 of these companies are offered operatorship.
This is the most extensive licensing round ever undertaken on the Norwegian continental shelf, in terms of both the number of companies and the number of production licences awarded.
This is the most extensive licensing round ever undertaken on the Norwegian continental shelf, in terms of both the number of companies and the number of production licences awarded.
• There is unprecedented interest in our northernmost seas.
• There is unprecedented interest in our northernmost seas.
Last year, 12 new production licenses were awarded in frontier areas in the Barents Sea, the highest number of awards ever made in this part of our Shelf.
Last year, 12 new production licenses were awarded in frontier areas in the Barents Sea, the highest number of awards ever made in this part of our Shelf.
• Last month I received nominations from 37 companies regarding blocks which the companies wish to see included in the next licensing round in frontier areas.
• Last month I received nominations from 37 companies regarding blocks which the companies wish to see included in the next licensing round in frontier areas.
I am happy to see more blocks being nominated in the Barents Sea than ever before – 181 out of a total of 228.
I am happy to see more blocks being nominated in the Barents Sea than ever before – 181 out of a total of 228.
Awards are expected in the spring of 2013.
Awards are expected in the spring of 2013.
• Hopefully, this strong interest will be a sound foundation for future exploration successes.
• Hopefully, this strong interest will be a sound foundation for future exploration successes.
I hope – and believe – we can look forward to many new, commercial discoveries in the years to come.
I hope – and believe – we can look forward to many new, commercial discoveries in the years to come.
Open new, promising acreage
Open new, promising acreage
• Last year, Norway increased its Continental Shelf by 87.000 square kilometres through the new delimitation agreement with Russia in the Barents Sea.
• Last year, Norway increased its Continental Shelf by 87.000 square kilometres through the new delimitation agreement with Russia in the Barents Sea.
• This provides new opportunities for production in the long run.
• This provides new opportunities for production in the long run.
• The Government has already initiated an opening process for the Barents Sea South East.
• The Government has already initiated an opening process for the Barents Sea South East.
It includes both an impact assessment and geological mapping.
It includes both an impact assessment and geological mapping.
An opening process is going forward for the area around Jan Mayen as well.
An opening process is going forward for the area around Jan Mayen as well.
• In Norway, the Storting decides whether to open new acreage for petroleum activities or not.
• In Norway, the Storting decides whether to open new acreage for petroleum activities or not.
My plan is to submit a proposal to the Storting in the spring of 2013.
My plan is to submit a proposal to the Storting in the spring of 2013.
• The Ministry is also collecting more knowledge about the effects of oil and gas activities in the north-eastern part of the Norwegian Sea.
• The Ministry is also collecting more knowledge about the effects of oil and gas activities in the north-eastern part of the Norwegian Sea.
My aim is to finalize this work before the end of the year.
My aim is to finalize this work before the end of the year.
Activities in the far north
Activities in the far north
• Analyses indicate that around a quarter of the world’s remaining undiscovered oil and gas resources may be located in the Arctic.
• Analyses indicate that around a quarter of the world’s remaining undiscovered oil and gas resources may be located in the Arctic.
Five countries are involved in oil and gas activities in the High North: Canada, Greenland, Norway, Russia and the United States.
Five countries are involved in oil and gas activities in the High North: Canada, Greenland, Norway, Russia and the United States.
• In my view, we all share a common goal of sustainable economic development.
• In my view, we all share a common goal of sustainable economic development.
There is no race between us.
There is no race between us.
We are in different phases and we have different national contexts.
We are in different phases and we have different national contexts.
But we all have knowledge and experiences that we can benefit from sharing.
But we all have knowledge and experiences that we can benefit from sharing.
• Therefore, I will invite Ministers from the petroleum countries of the High North, together with leaders from companies with deep arctic oil and gas experience, to discuss how we can ensure sustainable oil and gas activities in the High North.
• Therefore, I will invite Ministers from the petroleum countries of the High North, together with leaders from companies with deep arctic oil and gas experience, to discuss how we can ensure sustainable oil and gas activities in the High North.
• After thirty years we see the prospects of long term and significant petroleum activities in the Barents Sea.
• After thirty years we see the prospects of long term and significant petroleum activities in the Barents Sea.
We have
We have
o a producing field, o a discovery under development, o new, commercial discoveries in process, o many wild-cat wells to be drilled, and o strong industry interest in new licenses.
o a producing field, o a discovery under development, o new, commercial discoveries in process, o many wild-cat wells to be drilled, and o strong industry interest in new licenses.
• If we succeed in our exploration, great opportunities will arise for Norway – especially in the form of positive economic and social effects in the north – but also challenges.
• If we succeed in our exploration, great opportunities will arise for Norway – especially in the form of positive economic and social effects in the north – but also challenges.
• We have seen the substantial economic effects generated by the development of the Snøhvit gas field in the Hammerfest area.
• We have seen the substantial economic effects generated by the development of the Snøhvit gas field in the Hammerfest area.
• The considerable ripple effects generated by the petroleum activities stem mostly from deliveries of goods and services in the development phase and during the production period of fields.
• The considerable ripple effects generated by the petroleum activities stem mostly from deliveries of goods and services in the development phase and during the production period of fields.
Ripple effects are important, not least to increase people’s understanding of our industry.
Ripple effects are important, not least to increase people’s understanding of our industry.
• I am convinced that the oil and gas activities will flourish and establish a better future for the people and the region.
• I am convinced that the oil and gas activities will flourish and establish a better future for the people and the region.
All stakeholders will benefit from this!
All stakeholders will benefit from this!
Europe and gas
Europe and gas
• Norwegian gas can play a significant role in reaching the EU’s ambitious climate goals.
• Norwegian gas can play a significant role in reaching the EU’s ambitious climate goals.
Natural gas as an energy source has several attractive qualities:
Natural gas as an energy source has several attractive qualities:
o It is a clean fuel that offers significant emission reduction potential, particularly in power generation
o It is a clean fuel that offers significant emission reduction potential, particularly in power generation
o Gas is an efficient and flexible complement to renewable energy.
o Gas is an efficient and flexible complement to renewable energy.
o Gas prices are competitive and affordable in most markets
o Gas prices are competitive and affordable in most markets
o Gas resources – conventional and non-conventional - are increasingly abundant and will last for 250 years at the current consumption level.
o Gas resources – conventional and non-conventional - are increasingly abundant and will last for 250 years at the current consumption level.
• In Europe, debates in the media and among policy makers have to a large extent centred on the issue of security of gas supply.
• In Europe, debates in the media and among policy makers have to a large extent centred on the issue of security of gas supply.
The trend towards increasing European gas import continues, while the disruption of gas supplies through the Ukraine in 2009 is still fresh in memory.
The trend towards increasing European gas import continues, while the disruption of gas supplies through the Ukraine in 2009 is still fresh in memory.
• But is concern for supply security really based on facts and realities?
• But is concern for supply security really based on facts and realities?
• I think it is clear that supply security in Europe – both short and long-term security – has improved over the past years.
• I think it is clear that supply security in Europe – both short and long-term security – has improved over the past years.
Consider for example the increased capacity to import LNG, new pipelines and interconnections, as well as increased gas storage capacity.
Consider for example the increased capacity to import LNG, new pipelines and interconnections, as well as increased gas storage capacity.
In addition, the unconventional gas revolution has brought improved resource availability.
In addition, the unconventional gas revolution has brought improved resource availability.
• We should not allow fears and a single event overshadow the facts and the qualities of gas as an energy source.
• We should not allow fears and a single event overshadow the facts and the qualities of gas as an energy source.
• As a major producer, Norway takes the concerns raised in full earnest.
• As a major producer, Norway takes the concerns raised in full earnest.
Gas security is also in the producers’ interest as it fosters increased confidence in gas.
Gas security is also in the producers’ interest as it fosters increased confidence in gas.
• The owners of the Snøhvit field are now working to see whether there is a basis for increasing export capacity from the field.
• The owners of the Snøhvit field are now working to see whether there is a basis for increasing export capacity from the field.
The solution will also depend on what is considered to best promote further developments in the Barents Sea as such.
The solution will also depend on what is considered to best promote further developments in the Barents Sea as such.
• The main question will remain, as it always does in relation to these issues: Will there be sufficient gas volumes available for transport that can carry the cost of building new infrastructure?
• The main question will remain, as it always does in relation to these issues: Will there be sufficient gas volumes available for transport that can carry the cost of building new infrastructure?
• This is a “chicken and egg” issue.
• This is a “chicken and egg” issue.
No export capacity – no gas.
No export capacity – no gas.
No gas – no export capacity.
No gas – no export capacity.
• Another prerequisite is the existence of a market on the European continent that demands more natural gas.
• Another prerequisite is the existence of a market on the European continent that demands more natural gas.
Further infrastructure investments in Norway in the order of hundreds of billions of kroner require real security of demand.
Further infrastructure investments in Norway in the order of hundreds of billions of kroner require real security of demand.
Gas producers need clear signals from policy makers on the role of gas in the energy mix, as well as a coherent and predictable regulatory framework, to ensure that necessary long term investments are undertaken.
Gas producers need clear signals from policy makers on the role of gas in the energy mix, as well as a coherent and predictable regulatory framework, to ensure that necessary long term investments are undertaken.