Minerals Report - International Seabed Authority
Minerals Report - International Seabed Authority Minerals Report - International Seabed Authority
operation (PDO) is normally prepared during the late planning phase. She also said that at this stage, since a certain quantity of oil has been earmarked for production, reserves are established. She said that following approval of the PDO, the deposit is then worked to produce the oil. Dr. Nyland pointed out that even after production stops in a field, there are still resources and reserves of petroleum in it. Dr. Nyland said that NPD continuously works at improving oil recovery in fields on the shelf. She said that it has a goal of ensuring fifty and seventy per cent recovery in oil and gas fields respectively, depending on reservoir quality. She said that currently recovery in oil fields is about forty-five per cent. Dr. Nyland said that the current challenges for Norway are to maintain a high production level through finding new resources, and increasing exploration efficiency, to develop small discoveries, to increase the recovery rate, and to ensure that the marine environment is protected from offshore oil and gas production. In her concluding remarks, Dr. Nyland said that she had tried to convey three messages to participants, which she said could be applied to resources other than petroleum. She said that the first of these was the need for a close connection between the legislative framework, the licensing policy and data management. She said that the second message was the need to establish a trustworthy relationship between the national authorities and the industry concerned. In this regard, she pointed out that the system that has been implemented in Norway is based on trust. She said that the Norwegian authorities have had no reason to believe that any company is trying to cheat the state. Thirdly, Dr. Nyland emphasized that data is very important to the landowner for an understanding of the geology and the resource potential in an area, and the value of what is present. In this regard, she also said that the landowner has to be directly involved in the activities that are taking place. Finally, she said that it is important that if resources are found and proven economically viable, the industry is there to produce these resources. She pointed out that there would always be complaints from industry about the level of taxation and the framework within which it is to operate. She said that it is important for the authorities to listen to what the industry has to say because of the need to ensure that conditions are acceptable to both parties. She further pointed out that even though Norway’s taxation of seventy-eight INTERNATIONAL SEABED AUTHORITY 814
per cent is among the highest in the world, all the major oil companies are working on Norway’s continental shelf. She stated that this means that the business is good or acceptable to them even at these taxation rates. She once again emphasized the benefits of Norway’s data sharing principle, in particular its role in attracting business, promoting cost efficient exploration, and building on acquired data and information. She pointed out that in comparison with the UK that has the same resource growth as Norway, in the absence of information sharing, it has taken much more time to achieve this level of growth. SUMMARY OF THE DISCUSSIONS FOLLOWING DR. NYLAND’S PRESENTATION ON THE STATUS OF DATA AND REPORTING REQUIREMENTS UNDER NORWAY’S OFFSHORE POLICY FOR PETROLEUM RESOURCES. The discussions following Dr. Nyland’s presentation focussed on Norway’s data release and sharing policies, the role of STATOIL in Norway, and how the Norwegian Petroleum Directorate (NPD) is involved in the protection of the marine environment from petroleum exploration and production. One participant recalled that in connection with Norway’s data release policy, Dr. Nyland had said that data not owned under a license is confidential for five years. This participant wanted to know who owned this data. Dr. Nyland responded that under a reconnaissance license as well as an exclusive license to gather seismic data for a company, data may be held for five years. She said that if a company acquires seismic data on a nonexclusive basis for sale to companies in the industry, then the data may be held for ten years. This is to protect the business of the seismic companies. Dr. Nyland was asked for how long an exploration license is awarded. She said that the duration of an exploration or reconnaissance license is one year and that the license is awarded for a specific study. She said that the data acquired in the course of the study might be held for five years. She said that under a production license, two years after a well has been drilled, the associated data has to be released. In response to a question on what happens INTERNATIONAL SEABED AUTHORITY 815
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per cent is among the highest in the world, all the major oil companies are<br />
working on Norway’s continental shelf. She stated that this means that the<br />
business is good or acceptable to them even at these taxation rates. She once<br />
again emphasized the benefits of Norway’s data sharing principle, in<br />
particular its role in attracting business, promoting cost efficient exploration,<br />
and building on acquired data and information. She pointed out that in<br />
comparison with the UK that has the same resource growth as Norway, in the<br />
absence of information sharing, it has taken much more time to achieve this<br />
level of growth.<br />
SUMMARY OF THE DISCUSSIONS FOLLOWING DR. NYLAND’S<br />
PRESENTATION ON THE STATUS OF DATA AND REPORTING<br />
REQUIREMENTS UNDER NORWAY’S OFFSHORE POLICY FOR<br />
PETROLEUM RESOURCES.<br />
The discussions following Dr. Nyland’s presentation focussed on<br />
Norway’s data release and sharing policies, the role of STATOIL in Norway,<br />
and how the Norwegian Petroleum Directorate (NPD) is involved in the<br />
protection of the marine environment from petroleum exploration and<br />
production.<br />
One participant recalled that in connection with Norway’s data release<br />
policy, Dr. Nyland had said that data not owned under a license is<br />
confidential for five years. This participant wanted to know who owned this<br />
data. Dr. Nyland responded that under a reconnaissance license as well as an<br />
exclusive license to gather seismic data for a company, data may be held for<br />
five years. She said that if a company acquires seismic data on a nonexclusive<br />
basis for sale to companies in the industry, then the data may be<br />
held for ten years. This is to protect the business of the seismic companies. Dr.<br />
Nyland was asked for how long an exploration license is awarded. She said<br />
that the duration of an exploration or reconnaissance license is one year and<br />
that the license is awarded for a specific study. She said that the data<br />
acquired in the course of the study might be held for five years. She said that<br />
under a production license, two years after a well has been drilled, the<br />
associated data has to be released. In response to a question on what happens<br />
INTERNATIONAL SEABED AUTHORITY 815
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