Iceland’s oil industry could cause problems for Norway / News / The Foreigner

Iceland’s oil industry could cause problems for Norway. Norway advised to map its territory. According to the Norwegian News Agency (NTB), Iceland has now opened for carrying out oil and gas activities on its side of the Jan Mayen Island. Although the territory in the Arctic Ocean is divided between them and Norway, Sagex Petroleum, a Norwegian company, has indicated its interest in Iceland’s concessions. Their concessions could be a potential issue for Norway should it not chart its side of the shelf, according to Hans Erik Ramm, a former State Secretary, and now an oil consultant.

jan, mayen, norway, iceland, hans, erik, ramm, concessions, arctic, ocean, sagex, petroleum, directorate, problem



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Iceland’s oil industry could cause problems for Norway

Published on Tuesday, 21st July, 2009 at 21:25 under the news category, by Michael Sandelson   .
Last Updated on 16th January 2015 at 21:04.

Norway advised to map its territory.

Jan Mayen coast
Jan Mayen coast
Photo: Hannes Grobe/Alfred Wegener Institute


According to the Norwegian News Agency (NTB), Iceland has now opened for carrying out oil and gas activities on its side of the Jan Mayen Island. Although the territory in the Arctic Ocean is divided between them and Norway, Sagex Petroleum, a Norwegian company, has indicated its interest in Iceland’s concessions.

Their concessions could be a potential issue for Norway should it not chart its side of the shelf, according to Hans Erik Ramm, a former State Secretary, and now an oil consultant.

“Should our surveys not reach their objective, and Iceland goes further by building their field out, they will possess the capability to drain the reservoir from their side,” he tells KIassekampen.

Although the Norwegian field is open for petroleum-related activities, albeit just in principle, nobody at the Petroleum Directorate (Oljedirektoratet – OD) knows when this will be followed up.




Published on Tuesday, 21st July, 2009 at 21:25 under the news category, by Michael Sandelson   .
Last updated on 16th January 2015 at 21:04.

This post has the following tags: jan, mayen, norway, iceland, hans, erik, ramm, concessions, arctic, ocean, sagex, petroleum, directorate, problem.





  
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