 Well into the futurePetoro wants to see a halving of drilling costs and a doubling in the annual number of production wells drilled from fixed installations in order to ensure that small discoveries and improved recovery can pay. Broad industrial agreement exists that the cost problem must be overcome collectively. Read interviews on the drilling and well issue below. Read interview with Petoro Read interview with Statoil Read interview with Schlumberger Read interview with BG  | |||||||||||
 Tord Lien expects cost efficiencyNorway’s petroleum and energy minister offers the industry stability and attractive acreage – and expects investment and cost efficiency in return. Read more |  Grethe Moen’s leader“If the NCS is to be competitive in the future, the industry must reduce its level of costs to secure capital and profitability for future projects.” Read more |  Johan Sverdrup revitalises the industry“It’s a long time since we could count barrels in the billions,” says Øivind Reinertsen, senior vice president for Johan Sverdrup at Statoil. “Our children and grandchildren will be working with this field,” adds his Petoro opposite number, Jan Terje Mathisen. Read more | |||||||||
 Mature Snorre and virgin Johan CastbergPetoro is involved in big projects in both mature and virgin areas. Snorre 2040 can contribute 240 million barrels of extra oil from the North Sea, with Johan Castberg potentially adding 400-600 million in the far north. Read more about Snorre 2040 Read more about Johan Castberg |  Happy in their workNiklas Trones must pinch himself at the opportunities opened up for him after being thrown in at the deep end in Petoro. He says this means he must swim fast. “You do that,” reassures his more experienced colleague Line Geheb. Read more |  Expertise – strategic competitive edge“Our ability to exploit the individual’s expertise in a collective manner will encourage the development of new ideas and better solutions,” says Nashater Deu Solheim, vice president for strategy and organisation in Petoro. Read more |  Instrument for value creationPetoro is tasked with maximising the value of the State’s Direct Financial Interest in petroleum resources and associated facilities on the NCS. Representing a third of the combined reserves, this portfolio was worth NOK 1 234 billion at 1 January 2014. Read more | ||||||||