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The changing geopolitical scope around Arctic offshore petroleum resources: Part 1: Focus on investments
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Heat and Power Technology.
2014 (English)In: World Petroleum Congress Proceedings, Energy Institute, 2014, Vol. 6, 4324-4329 p.Conference paper (Refereed)
Abstract [en]

Latest oil and gas technologies, high oil prices and global climate change make the international business community and oil & gas companies explore distant hard accessible regions such as the Arctic[1], which is characterized by huge hydrocarbon resource potential[2], and can help our society to find a solution for escalating demand for energy. The importance of Arctic petroleum resources goes beyond the regional and national economies. Many consider the Arctic to be the last large petroleum frontier outside the OPEC cartel.[3] Thus geopolitical status of the Arctic is the subject for international game. The paper gives deeper insight into the interconnected and globalized topic of petroleum development in the Arctic region, provides better understanding of up-to-date trends, politics and international relations through the prospect of economic opportunity, which is the strongest driver for the new attention that the Arctic is receiving[4] , especially in the presence of economic and strategic interests, opening of areas by governments for industry exploration and public engagement. A complex series of steps and guidelines is suggested for peaceful, mutually advantageous and successful cooperation of the actors in the Arctic region in the nearest future, because the challenges will be even higher.

Place, publisher, year, edition, pages
Energy Institute, 2014. Vol. 6, 4324-4329 p.
National Category
Energy Systems
Identifiers
URN: urn:nbn:se:kth:diva-211826Scopus ID: 2-s2.0-85026501269ISBN: 9781510825673 OAI: oai:DiVA.org:kth-211826DiVA: diva2:1131378
Conference
21st World Petroleum Congress 2014: Responsibly Energising a Growing World, WPC 2014, Moscow, Russian Federation, 15 June 2014 through 19 June 2014
Note

QC 20170814

Available from: 2017-08-14 Created: 2017-08-14 Last updated: 2017-08-14Bibliographically approved

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Citation style
  • apa
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More styles
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  • de-DE
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  • nn-NB
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  • Other locale
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Output format
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