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Petro Arctic

Definition

Petro Arctic is a Norwegian association to promote the potential suppliers willing to participate to the development and operations of the offshore oil and gas projects in North Norway and the Barents Sea

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Petro Arctic was created in 1997 to involve local companies in the Snøhvit LNG project.

Since then the mission of Petro Arctic is to be part of any new facility and the future expansion projects.

Statoil and the other members of the Petro Arctic finance the association’s operations.

Petro Arctic has its own Board elected from member companies, and HONU AS in Hammerfest provides the secretariat responsible for day-to-day business.

The members represent all the major industries.

As at April 2006 Petro Arctic had some 350 member companies from the counties of Finnmark, Troms and Nordland.

Petro Arctic works in cooperation with Statoil, local and regional authorities, and with main contractors and sub-contractors.

The main goal of Petro Arctic is to get awarded locally the maximum possible deliveries of goods and services from member companies to any project such as Snøhvit and future expansion projects in North Norway and the Barents Sea.

In that perspective, Petro Arctic leads initiatives to:

 - Promote member companies to the end users and engineering companies

 - Motivate and prepare members through participation in networking

 - Set up skills development programmes.

Petro Arctic is actually active in Goliat, Snohvit and Norne.

Actually Petro Arctic is getting involved in the Aasten Hansteen project from joint venture between Statoil, ExxonMobil and ConocoPhillips.

Statoil and its partners are evaluating the main contractors offers on the different packages in respect of its content awarded to members of the Petro Arctic among the other requirements being considered. 

So far the northern region of Norway is mostly leaving from fishing, therefore the Norwegian Government and Statoil are expecting, through the Petro Arctic association, to develop the oil and gas industry in this region in a smooth way as a add on the historical culture.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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