With the introduction of PETROMAKS in 2004, the Norwegian government gave a signal that strong public support of petroleum R&D was necessary. With this backing, the Research Council of Norway has an annual budget in 2009 of 30 mill US dollars for the petroleum R&D.
PETROMAKS will assist in implementation of the strategies and plans laid down by the government strategy initiative OG21 (Oil and Gas in the 21st century).
The overall objective of PETROMAKS is to enhance the next 50 years of oil-related activity and secure gas production in a 100-year perspective. It is crucial that the Norwegian petroleum industry be further developed as an internationally competitive industry; this will ensure that the sector continues to play a key role in the sustainable growth and financing of the Norwegian welfare society and promote sound management of Norway's natural resources.
PETROMAKS will focus on basic research and technological development, with special emphasis on the supply and service industry. An active, growing industrial cluster is needed to maintain the petroleum sector at a sustainable level. The Norwegian Continental Shelf is generally characterized as a mature oil province, although the northern part of the Norwegian shelf remains largely immature in terms of exploration and development.
PETROMAKS thematic areas for research and innovation are:
-Environmental technology for the future
-Exploration and reservoir characterization
-Cost effective drilling and intervention
-Integrated operations and real time reservoir management
-Subsea processing and transportation
-Deepwater, subsea and arctic production
-Health, Safety and Environment (HSE)
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