Warmer weather will lead to longer seasons for exploration and production of oil and gas in Arctic areas. As the ice cap shrinks, the area and period where it’s possible to search for resources will double, said Øisten Harsem, researcher at the University of Tromsø, at the Arctic Frontiers conference.
- This is something one talks about within the oil sector, but does not want to say in public. Without doubt, oil production in the High North will increase because of the warmer weather Harsem says to Teknisk Ukeblad.
Less ice will also lead to better possibilities for transport of oil via the Polar areas. Most of the resources in the High North are very far away from the main markets, but new routes across the Polar Sea will shorten the distance to the markets considerably.
Read also: Warmest in 2,000 years
