1 / 8

ohyu

Andrey Krivorotov, Ph.D. Secretary of the Board, Corporate and Public relations Manager, Shtokman Development AG, Moscow. PERSPECTIVES OF ARCTIC OIL AND GAS DEVELOPMENT AND OPPORTUNITIES FOR GLOBAL COOPERATION. NRCC-FIBA Networking Meeting in Murmansk, June 19, 2014. ohyu.

dung
Download Presentation

ohyu

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Andrey Krivorotov, Ph.D. Secretary of the Board, Corporate and Public relations Manager, Shtokman Development AG, Moscow PERSPECTIVES OF ARCTIC OIL AND GAS DEVELOPMENT AND OPPORTUNITIES FOR GLOBAL COOPERATION NRCC-FIBA Networking Meeting in Murmansk, June 19, 2014 ohyu

  2. Arctic shelf development: global trends • 2009-2014: • Policy approaches fixed in national Arctic strategy documents • Illulissat Declaration state UNCLOS priority in the Arctic • Global oil and (specially) gas prices fall • Macondo disaster raise public awareness of the HSE risks • Competing shale and offshore basins emerge • Moderate scenarios for Arctic development • Interstate conflicts unikely • 2003-2009: • Growing policy attention to High North – worldwide • Legal status of the Arctic not exactly settled • World oil&gas prices grow steadily • Public reaction largely neutral/positive • Burst of breakthrough offshore technologies • ‘Arctic oil race’ scenarios • Presumed risk of interstate conflicts Policy-makers still retain interest to the Arctic shelf, but both investors and national governments pursue increasingly realistic and moderate approaches

  3. Global Arctic shelf slowdown • Revolution in offshore technologies continues, but still no holistic solutions tailored for the Arctic climate • Slump in the US and Western Europe which had been target markets for Arctic gas • Growing interest of non-Arctic nations raise concern in the region USA: No Shell drillings in Beaufort and Chukchi Seas in 2012 and 2013 WEST GREENLAND: - Non-commercial gas find only - Licensing round delayed CANADA: No petroleum activities in Arctic shelf RUSSIA: Yamal LNG FID postponed by a year NORWAY: - No Snøvit Train 2 - No Johan Castberg - No Lofoten-Vesterålen drilling RUSSIA: Shtokman field lag behind A whole array of Arctic offshore projects have been postponed or put on hold

  4. CHINA: The New Arctic Player Isua COSCO ship on NSR Elkem Yamal LNG Power of Siberia Norwegian ore to China,2012

  5. Russia and Norway: th most activоживление на шельфе • Developing Arctic offshore enjoys high political priority RUSSIA: • Arctic Zone Strategy (2013) and Long-Term Program (2014) • Massive legal amendments in 2013 bridge several law gaps • Heavy tax relief to Arctic oil&gas projects • 2010 Murmansk Treaty changes the scene • Several fields are (being) put onstream • Joint projects in the Barents Sea • Northern Sea Route – common interest and gains • Industrial cooperation: good experience despite bureaucratic redtape Arctic seas are becoming a producing province

  6. Russia and Norway: Changing Barents Sea landscape Now 2003 Russia and Norway pursue similar policy goals but apply different aproaches

  7. Transboundary petroleum supply cooperation to spur regional development LEGEND: Resources Supply Regional spin-offs

More Related