Photo: Øyvind Hagen/Statoil
New discoveries of hydrocarbon reserves are of great national and international economic importance to fulfil rising global energy demand and to maintain production levels. This is particularly the case on the Norwegian Continental Shelf (NCS), where the average time from award of exploration licence to field development is 10-15 years - It is clear that a significant exploration effort on the NCS is needed to maintain national production levels before existing producing fields are decommissioned. The ultimate goal of the VISTA-exploration programme is to provide new knowledge and technology that will reduce the economical risk related to exploration of petroleum, both on the NCS and globally.
Four projects were supported during 2010. No new projects were started.
One VISTA professorship has been supported in 2010 - Professor Bjørn Ursin, and specific results in his work are described in the annual reports. Ursin received Honorary Membership of the Society of Exploration Geophysicists for a technical body of work and an illustrious academic and oil industry career that spans over four decades. In 2010, Ursin has published eleven papers and extended abstracts. Seven papers have been submitted.
Lasse Amundsen, Statoil