Our business context Energy demand continues to accelerate as developing world populations and economies expand, with fossil fuels playing key role Keener competition, both economically and technologically, for access to oil and gas resources Research that can be translated into innovative solutions to practical problems is a key component to face nowadays challenges.

The ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance Norway has administered its petroleum resources using three distinct government bodies: A national oil company engaged in commercial hydrocarbon operations A government ministry to direct policy A regulatory body to provide oversight and technical expertise

The ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance Statoil – stock listed but partly government – owned Ministry of Petroleum and Energy NPD – Norwegian Petroleum Directorate, issuing E&P licenses with the help of Petoro Norway’s Government Pension Fund

The ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance Petoro - owned by the state of Norway, manages Norway's portfolio of exploration and production licenses for petroleum and natural gas on the Norwegian Continental Shelf. Norway’s Government Pension Fund - Invest parts of the large surplus generated by the Norwegian petroleum sector

Developing unconventionals is key to meet growing energy demand Always aim for the moon, even if you miss, you'll land among the stars. W. Clement Technology roadmap to boost economics and reduce environmental footprint of oil sands Apply technology to expand in unconventionals

Bringing together scientists and businessmen Different languages Different priorities Different views Not much patience and time to build up productive synergies. There is a missing link, someone that speaks fluently to both worlds and is able conciliate the differences. Research Centers and Specialized Consultancy

A different flavor for everyone / every challenge

The final goal

Integrated workflow

Applications feedback Theory General framework and integrated workflows Fundamental research Applications Universities Industry Research Institutes or Specialized Consultancy

Multidisciplinary collaboration

Change in power generation

The potential of Romania in Oil & Gas business Enhance Oil Recovery (EOR) (chemical, gas injection and thermal) Big potential in Romania due to the existent mature fields Heavy Oil – Steam Assisted Gravity Drainage (in the North part of Romania) CO2 injection related with the Carbone Capture and Storage (CCS) (in the South part of Romania)

Exporting the ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance, 2011, Mark C. Thurber et al, Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305, USA. m Norway's Oil Fund Shows the Way for Wealth Funds. “The future of Carbon Capture and Storage in Europe” – Public Communications and corporate strategy presentations.

Thank you Power Summit 2013 Remus Hanea Crossing Energy frontiers phone: