Introduction to Challenge - ONS

Introduction to Challenge

Øystein Stjern, EVP at the IKM Group explains why new project execution and technology are important in order to make marginal tie in of fields and projects for prolonging life of installations more profitable? Globally: marginal field tie ins and life extension projects will have a lower Co2 impact as it is possible to use infrastructure already in place.Nationally: it will be vital to secure a competitive NCS with regards to the price for each barrel produced oil. And thirdly, for service providers this represent a challenge because we need to adapt to the new market expectations with cost reductions in order to actually be a part of the value chain.

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