Looking for a specific product?

Make a search for products & suppliers, articles & news.

Postpones Lofoten oil until 2017

Oil Minister Ola Borten Moe says he takes the signals from local fisheries seriously and therefore don’t recommend opening of Norway’s Lofoten area for petroleum activities now.

Oil companies and many regional politicians want to open the waters outside Lofoten archipelago north of Norway’s Arctic Circle for drilling. They argue oil exploration will create new jobs and a boost in regional development. 

Others, including the majority of the fishermen in the area are calling for protection of the vulnerable waters, a key area for the regions important fisheries. 

Speaking at a conference in Svolvær, the largest town in Lofoten, oil and energy minister Ola Borten told the audience on Friday that his goal is ultimately to open the area for petroleum drilling. But, not now.

“I take the signals from local fisheries seriously. Therefor I recommend the opening of new acreage for now,” Ola Borten Moe said in the speech is that was video transmitted via the portal of the ministry.

Ola Borten Moe argues that the time until 2017 will be used to collect more data and background information. A final decision on drilling or not will then be based on more knowledge about consequences for both fisheries, environment and society.  

The minister says it is important to find new discoveries and arrange for long-term, good resource management on the Norwegian continental shelf. 

“When I still think we can afford to wait with the opening of the northeastern Norwegian Sea [outside Lofoten] now, is it because I have a good hope that the Parliament before next election will open the southeastern part of the Barents Sea and the area around Jan Mayen for petroleum activities. Then, we can continue with Nordland VI,” says Ola Borten Moe. 

Nordland VI is the waters southwest of Lofoten.

The Norwegian Petroleum Directorate spent about €54 million on the collection of seismic data from the Lofoten and Vesterålen waters in the period 2007-2009. The areas are believed to be among the most prospective not-yet-opened on the Norwegian shelf.

Related news

Latest news

New partners in sensors and geothermal

Associate Professor Mona Mihailescu from University Politehnica of Bucharest, Romania visited CMR. She is also due to visit Iceland where her other partner in green energy is situated.

Resolutuions at Semcon's annual general meeting 2017

Semcon’s Annual General Meeting (AGM) was held on Wednesday April 26,

DNV GL launches new PSC Planner application

Classification society DNV GL has launched a new application on its My DNV GL portal

300 solutions that will change the world

Global Opportunity Explorer launch

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,