Why Norwegian gas and oil has international importance

Journal Article · Mon Mar 01 04:00:00 EST 1976 · World Oil; (United States)

OSTI ID:6235752

Orlofsky, S

With North Sea probable recoverable reserves in the Norwegian sector estimated at 7 to 14 billion bbl of oil and 35 to 70 trillion CF of gas, Norway is in a position to provide petroleum for a significant segment of the time needed for industrialized countries to take steps to permanently moderate dependence on Mideast oil. According to Columbia Gas System Service Corp., Norway's current annual energy consumption of only 125 million bbl of oil equivalent is expected to reach 281 million bbl by 1990 - half of which will come from hydroelectric power. Thus, Norway's export potential is tremendous. However, the government is moving slowly in selecting the future activity level, fearing the effects petroleum activity will have on the Norwegian economy in terms of manpower availability, flow of funds, and interest rates. A possible means of avoiding these effects while accelerating North Sea development is for Norway to lend the US and Europe its hydrocarbons. These countries, with theiperience of compressoe interface, whe blood so that the no-response level in children seems to be lower than 10 ..mu..g/100 ml of Pb-B.

• OSTI ID: 6235752
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 182; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ATLANTIC OCEAN
COOPERATION
ELECTRIC POWER
ENERGY CONSUMPTION
ENERGY POLICY
ENERGY SOURCES
EUROPE
EXPORTS
GOVERNMENT POLICIES
HYDROELECTRIC POWER
INDUSTRY
INTERNATIONAL COOPERATION
NATURAL GAS INDUSTRY
NORTH SEA
NORWAY
PETROLEUM INDUSTRY
POWER
PRODUCTION
RENEWABLE ENERGY SOURCES
RESOURCE DEVELOPMENT
SCANDINAVIA
SEAS
SURFACE WATERS
WESTERN EUROPE