Norway's Arctic development will take time and money
Norway's Arctic experience shows that development in the High North will take time - and money
In 1896, on his return to Norway after an ill-fated three-year quest to reach the geographical North Pole, the country's pioneering polar explorer Fridtjof Nansen said: "The difficult is what takes a little time; the impossible is what takes a little longer." Almost 120 years after his Arctic expedition, Nansen's statement could apply equally to exploration and production in Norway's High North. While resources totalling an estimated 8 billion barrels of oil equivalent (boe) lie in Norway's Barents Sea play alone, Norway's slow steps in the High North are proof that as well as deep pockets, a thorough understanding of the operational environment and technological expertise, companies hoping
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
