1. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 1 Northern Maritime Corridor Petroleum Strategy Workshop, Stavanger 24. november 2005 The Barents Region in a global energy perspective Subjects: ● Geopolitical issues ● Norwegian strategy ● Challenges of importance By: Johan Petter Barlindhaug Barlindhaug AS

2. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 2 Global demand Oil & Gas demand New production Existing production Million barrels o. e. per day N.Africa Caspian & Middle East Rest of the world Arctic Yet To Find Potential

3. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 3

4. 4 LNG Import to USA

5. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 5  A Major Energy Basin for Europe and USA  Easily accessible  Political stable  Important in a diversification strategy  LNG to USA and Europe  Pipeline gas to Europe  A transportation outlet for oil produced in Western Siberia Petroleum Province of Global Importance

6. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 6 Norwegian Policy of the North  As a ocean power  Strengthening the role of Norwegian governance  Sustainable development  As an energy power  Show predictability and due concern to the security of supply  Special confidence to USA and EU-countries as consumer nations  Special confidence to Russia as a neighbour  A flexible development strategy of relevance

7. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 7

8. 8

9. 9

10. 10

11. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 11

12. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 12 Development concept – Northern Barents Sea

13. NMC Petroleum Strategy Workshop, Stavanger 24th nov. 2005 13 Challenges of Importance  Environmental concern  Advanced sub sea technology  Integrated development concepts  High development costs  Close cooperation on infrastructure