This conference was arranged by the Norwegian Petroleum Society in order to commemorate the first 25 years of exploration on the Norwegian Continental Shelf. Sixty papers and posters were presented of which 25 have been selected for this volume. Since the start of exploration activities during the mid 1960's the North Sea has not only proved to be one of the main petroleum provinces in the world, but has also established itself as an excellent laboratory for geoscientific research and application. This development has been stimulated greatly by the openess towards exchange of technical data encouragement by the Norwegian authorities. The objective of this book is to assess the results of 25 years of exploration in Norway. It focuses on lessons learned from past experiences as well as considering future challenges facing geoscientists in the industry (relating to both exploration and exploitation activities). Included, are papers which assess the status and future trends of exploration in the main geological provinces on the Norwegian Continental Shelf from the Central Graben in the south to Svalbard and the Russian Artic in the north.

Taking the case of the Norwegian petroleum industry as its vantage point, the book discusses the question of industrial transformations in resource-based industries. The book presents new, empirically-based analyses of the development of the petroleum industry, with an emphasis on three ongoing transformation processes: Technological upgrading and innovation in upstream petroleum. Globalisation of the petroleum industry and suppliers’ experiences of entering foreign markets. Diversification into and out of petroleum – and the potential for new growth paths after oil. Drawing together a range of key thinkers in this field, this volume addresses the ways in which the petroleum industry and its supply industry has changed since the turn of the millennium. It provides recommendations for the development of resource economies in general and petroleum economies in particular. This book will be of great interest to students and scholars of energy policy and economics, natural resource management, innovation studies and the politics of the oil and gas sector.

Report which aims to provide the basis for important decisions which will need to be taken, especially the allocation of new concessions on the Continental Shelf, and guidelines for the use of the increased revenues.

Learning by experience is both a part of the daily life and the exploration life. A systematic review of the past is essential to improve the exploration process by better managing risks and uncertainties. Learning through different disciplines has become a favoured technique. With new tools for interpretation and simulation, integration and data and the creation of cross-discipline teams, we can take major step forward in understanding the exploration task and its different elements. Global views and lessons learned on the Norwegian Continental Shelf on risk management and retrospective prospect assessment are presented in this book. Detailed exploration case histories from the Norwegian Continental Shelf documenting both positive and negative experiences and highlighting the benefits of integrated thinking and methods are presented. The impact of the application of various state-of-the art and developing technologies on portfolio management, opportunity evaluation and volumetric and risk assessment of prospects and discoveries are reviewed, and the future technological challenges in exploring the remaining hydrocarbon potential of the Norwegian continental Shelf are summarised.

This first English-language study examines the problems, benefits, and prospects for the future faced by Norway as an oil-producing nation. It demonstrates the impact of oil on Norway's foreign policy.