London, United Kingdom (PRWEB UK) 7 February 2014
The Summit, which was held at the Hotel Bristol in Oslo, gathered the Governments of the Arctic countries together with the oil and gas companies active in the region, to explore the real potential of the Arctic Basin and estimate investment and new ventures opportunities.
The senior level speaker faculty at the Summit included eminent personalities such as Else Berit Eikeland, Senior Arctic Official – Arctic Ambassador from the Ministry of Foreign Affairs in Norway; His Excellency David Sproule, Canada's Ambassador to Norway; Mikhail Mosesyan, Leader D&W Engineering at the Lukoil Overseas North Shelf AS, Thorarinn Sveinn Arnarson, Hydrocarbon Licensing Manager at the National Energy Authority in Iceland, Ove T Gudmestad, Professor from the University of Stavanger; Steffen Weber from EU Arctic Forum; Tonje P. Gormley, Senior Lawyer MNA at the Norwegian Arntzen de Besche and Chairwoman at the Summit; Vasily Bogoyavlensky, Deputy Director of the Institute of Oil and Gas of Russian Academy of Sciences, Signe Nåmdal, Head of the Industry Department, Norwegian Environment Agency, Inger Lise Dahl, Deputy Task Force Manager (Barents RU-NO project on Environmental protection, monitoring systems and oil spill contingency) and Assistant Director at the Norwegian Lofoten and Vesterålen Petro, Bengt Lie Hansen, Nonequity partner at Norwegian Selmer, Rune Omdahl, Partner at Arntzen de Besche and Andreas Østhagen, Senior Fellow- Arctic Energy at the Arctic Institute to the Norwegian Institute for Defence Studies (IFS).
On the first day of the Summit, Helge Hammer, Chief Operating Officer at Faroe Petroleum Norge AS, shared his extensive expertise presenting on the role of his company in the Arctic oil and gas explorations. Moreover, the Norwegian Executive, provided attendees with a comprehensive picture of the attractiveness of the Arctic regions by evaluating seas in terms of exploration prospects, operating environment, licencing policy and tax regime, leaving the delegates well-informed with the details analysed.
Igor Litvinyuk, Senior Analyst from the Moscow State Institute of International Relations and the Russian Ministry of Foreign Affairs presented on Russia’s sustainability of oil production in the nearest future and deemed the Arctic as the most prospective region in terms of energy supply. With a position in the Ministry, as well as at the Centre for Strategic Research and Geopolitics in Energy, International Institute of Energy Policy and Diplomacy, he examined the barriers that lie ahead for Russian E&P, explored unconventional resources and Arctic region perspectives as well as predicted opportunities for private oil companies, both Russian and foreign, in sustainable Arctic resources development, given the Russian government initiatives in improving foreign investment legislation.
On the second day, Thorarinn Sveinn Arnarson, Hydrocarbon Licensing Manager at the National Energy Authority in Iceland, presented on the exploration in the Dreki area, introducing the local fiscal regime, the hydrocarbon exploration and production licencing system and the HSE requirements. Furthermore, Trond Kristensen, being a Senior Geophysicist at Lundin Norway, gave exclusive insights on the exploration in the Barents Sea, calling for infrastructure establishment and data integration in order to take exploration activities in the area to the next level.
Mikhail Mosesyan, Leader D&W Engineering at Lukoil Norge provided the audience with an interesting presentation on the technical regulations as a key to a safe Arctic exploration. Analysing global standards and regulatory approach, and addressing the relevance of a change in the mind-set, he analysed the Arctic situation with a holistic approach. Having a vast experience in the field, he identified the risk of compliant to divergent standards that rises the need of an international regulations revision by all parties, with a dialogue and collaboration between operators, contractors and governments as well as experience and technology sharing.
The Arctic Oil & Gas 2014 Summit was sponsored by the leading law firms in Norway ARNTZEN de BESCHE and SELMER; one of the largest corporate law firms in Norway; CGG, and the fully integrated Geoscience company; GGS - Global Green Solutions, ESS MARINE.
The Norwegian Oil Spill Control Association-NOSCA, the Association of Oil and Gas Suppliers-ISOZVEZDIE and the International Association of Geophysical Contractors-IAGC gave their official support for the summit.
For purchasing documentation of the Summit, please get in contact with the organising company IRN: info(at)irn-international(dot)com or +44 (0) 207 111 1615.