Norway struck oil in 1969 with the discovery of the giant Ekofisk oil field in the North Sea, and during the last 50 years Norway has developed an advanced offshore oil and gas industry. The activities and income from the industry have made a big impact on Norwegian society. Since 1996 the state revenue has been transferred into the Government Pension Fund Global – to benefit future generations. The funds value today: 1.000.000.000.000 (one trillion) dollars! The Norwegian Petroleum Museum was inaugurated by His Majesty King Harald in 1999. The museum tells the unique story of how Norway has met the challenge of the new offshore industry, based on solid maritime experience. And maybe most important: Norway’s oil and gas has been developed within the framework of democratic institutions – with the strong political vision that the petroleum resources belong to the people. This talk delves into this topical scope in greater detail.
Speakers Finn E. Krogh, Museum Director, Norwegian Petroleum Museum
Hosted by NYU Abu Dhabi Institute
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