1. Statoil Future Energy Forum
Minister of Petroleum and Energy Terje Søviknes
Stavanger, 22 May 2017

2. Norway – an energy nation
37%
Oil and gas revenue as a share of total export revenue
of total energy use is renewable
>20 %
of EU gas demand met by Norwegian gas
98 % of electricity production is renewable
Norway is part of an integrated Nordic electricity market. →greater security of supply and more effective resource use.

3. A global challenge

4. Awarding attractive acreage
Announcement of Awards in Predefined Areas (APA) 2017 above, and
Proposed announcement of the 24th licensing round, right

5. Resources
New calculations by the Petroleum Directorate: the undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed.

6. Statoil on the Norwegian Continental Shelf
Johan Sverdrup illustration: Statoil
At Songa Enabler with Statoil's Tim Dodson.
Johan Castberg illustration: Statoil
Receiving the PDO for Bauge and Njord Future from Terese Kvinge (left) and Tanja Blekastad of Statoil.

7. Strong measures to reduce emissions in Norway
High price on CO2 emissions through carbon tax since 1991 and membership of the EU Emissions Trading System.
Incentive for reducing emissions.
Working with the market, not against it.
Natural gas a flexible partner for renewables and cheap and effective replacement for coal
With German State Secretary Rainer Baake in Berlin, 16 May.

8. Gas as replacement for coal
Source: Carbon Brief

9. Research and innovation
After 50 years of oil and gas, Norway has developed an industry at the technological forefront
Continued technological development is key – this Government has strengthened funding for petroleum research throughout our time in office
Above: Seabox (left) and Fishbones (right) – companies who have received support for their technology development from the DEMO 2000 programme

10. Renewables – in Norway and globally
Strong growth in renewable energy globally
Great potential for Norwegian industry
Further development of renewables in Norway – driven by signals from the market
Norway connected to the European power market – further development of interconnectors to the benefit of Norway and European partners

11. More Norwegian Energy www.norskpetroleum.no www.energifaktanorge.no
English version coming soon!