Exploring for oil and gas in mature areas can provide more energy faster – and with lower emissions.
The extraordinary situation in Europe has turned the energy market upside down and increased energy demand drastically in many European countries. Simultaneously as we’ve seen sky-high prices for gas and electricity, we are also in the middle of another crisis: the climate crisis. This can hardly be dealt with unless the energy issues are solved. Without energy, the world stops.
“Managing the remaining oil and gas resources responsibly is essential, both to maintain a supply of oil and gas with low CO₂ emissions and to ensure the transformation of the Norwegian continental shelf towards a carbon-neutral future. The income from oil and gas is crucial to invest in and develop new renewable energy and new low-carbon solutions,” says Tom Dreyer, head of exploration for the northern North Sea.