Holds an MSc from Norwegian University of Science and Technology (NTNU), 1980, Marine Technology.
20 years of experiences from several international oil companies, primarily Statoil inclusive management and encompassing major process components, site supervision, field developments, area studies, exploration economics, value chain analyses, technical and commercial responsibilities for natural gas logistics related to Troll Gas Sales Agreements (TGSA)
In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as…
For some time I have explored the relations in developments for total debt [private and public], interest rates, Gross Domestic Product (GDP) energy consumption and…
Norwegian crude oil extraction peaked in 2001 at 3.12 Million barrels per day (Mb/d) and in 2016 it was 1.62 Mb/d, growing from 1.57 Mb/d…
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and up until June 2016. I then take a…
In this post I present some of the methods I have used to get estimates based on actual NDIC data on the Estimated Ultimate Recovery…
In this post I present some selected parameters I monitor which may help understand near term (2-3 years) oil price movements and levels. It has…
After years of following developments in extraction of light tight oil (LTO) in the Bakken, the oil price, studying actual well production data from the…
In this post I present actual Norwegian natural gas production, status on reserves, the development in discoveries and what this results for Norwegian Petroleum Directorate…
In this post I present what I found from applying R/P (Reserves divided by [annual] Production) ratios for Light Tight Oil (LTO) for 3 big…
This post is an update on total Light Tight Oil (LTO) extraction from Bakken in North Dakota based upon actual data as of October 2014…
The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The…