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oapen-20.500.12657-314502021-11-15T08:22:41Z Chapter 6 Norwegian–Russian political relations and Barents oil and gas developments Krivorotov, Andrey Overland, Indra Overland, Indra Krivorotov, Andrey natural resources acrtic region natural resources acrtic region Arctic Barents Sea Gazprom Norway Petroleum Rosneft Russia Russians Ukraine bic Book Industry Communication::K Economics, finance, business & management::KN Industry & industrial studies::KNB Energy industries & utilities::KNBP Petroleum & oil industries The political relationship between Norway and Russia will influence the development of Barents Sea oil and gas. The state plays a decisive role in both the Norwegian and Russian parts of the sea. It does so as a regulator, through taxation, and through the national oil and gas companies, Gazprom, Rosneft, and Statoil. Thus, if the two states have a good relationship characterized by mutual trust, they can coordinate, search for complementarities, and mitigate issues that arise. Furthermore, due to the rising cost of oil and gas production in the Arctic, many oil and gas fields there may deliver small returns on investments. Scale economies brought about by coordinated development, joint infrastructure, and information sharing can tip projects from being commercially unviable to viable. But this depends on the ability and willingness of the two states to actively work together. 2019-10-18 14:10:25 2020-04-01T13:35:42Z 2017-04-22 23:55 2019-10-18 14:10:25 2020-04-01T13:35:42Z 2017-03-01 23:55:55 2019-10-18 14:10:25 2020-04-01T13:35:42Z 2020-04-01T13:35:42Z 2015 chapter 627871 OCN: 1024115195 http://library.oapen.org/handle/20.500.12657/31450 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 627871.pdf Taylor & Francis International Arctic Petroleum Cooperation: Barents Sea Scenarios Routledge 10.26530/OAPEN_627871 10.26530/OAPEN_627871 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb 50daf382-7b03-4fb0-b801-855e0ac2ed67 Routledge 1 open access
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The political relationship between Norway and Russia will influence the development of Barents Sea oil and gas. The state plays a decisive role in both the
Norwegian and Russian parts of the sea. It does so as a regulator, through taxation,
and through the national oil and gas companies, Gazprom, Rosneft, and
Statoil. Thus, if the two states have a good relationship characterized by mutual
trust, they can coordinate, search for complementarities, and mitigate issues
that arise. Furthermore, due to the rising cost of oil and gas production in the
Arctic, many oil and gas fields there may deliver small returns on investments.
Scale economies brought about by coordinated development, joint infrastructure,
and information sharing can tip projects from being commercially unviable
to viable. But this depends on the ability and willingness of the two states
to actively work together.
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