Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets
A significant share of the world’s undiscovered oil and natural gas resources are assumed to lie under the seabed of the Arctic Ocean. Up until now, the exploitation of the resources especially under the European Arctic has largely been prevented by the challenges posed by sea ice coverage, harsh we...
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ftpubmed:oai:pubmedcentral.nih.gov:5673873 2023-05-15T14:33:00+02:00 Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets Petrick, Sebastian Riemann-Campe, Kathrin Hoog, Sven Growitsch, Christian Schwind, Hannah Gerdes, Rüdiger Rehdanz, Katrin 2017-10-24 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/ http://www.ncbi.nlm.nih.gov/pubmed/29067638 https://doi.org/10.1007/s13280-017-0957-z en eng Springer Netherlands http://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/ http://www.ncbi.nlm.nih.gov/pubmed/29067638 http://dx.doi.org/10.1007/s13280-017-0957-z © The Author(s) 2017 Open AccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. CC-BY Article Text 2017 ftpubmed https://doi.org/10.1007/s13280-017-0957-z 2017-11-26T01:07:12Z A significant share of the world’s undiscovered oil and natural gas resources are assumed to lie under the seabed of the Arctic Ocean. Up until now, the exploitation of the resources especially under the European Arctic has largely been prevented by the challenges posed by sea ice coverage, harsh weather conditions, darkness, remoteness of the fields, and lack of infrastructure. Gradual warming has, however, improved the accessibility of the Arctic Ocean. We show for the most resource-abundant European Arctic Seas whether and how a climate induced reduction in sea ice might impact future accessibility of offshore natural gas and crude oil resources. Based on this analysis we show for a number of illustrative but representative locations which technology options exist based on a cost-minimization assessment. We find that under current hydrocarbon prices, oil and gas from the European offshore Arctic is not competitive on world markets. Text Arctic Arctic Ocean Climate change Sea ice PubMed Central (PMC) Arctic Arctic Ocean Ambio 46 S3 410 422 |
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Article Petrick, Sebastian Riemann-Campe, Kathrin Hoog, Sven Growitsch, Christian Schwind, Hannah Gerdes, Rüdiger Rehdanz, Katrin Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
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Article |
description |
A significant share of the world’s undiscovered oil and natural gas resources are assumed to lie under the seabed of the Arctic Ocean. Up until now, the exploitation of the resources especially under the European Arctic has largely been prevented by the challenges posed by sea ice coverage, harsh weather conditions, darkness, remoteness of the fields, and lack of infrastructure. Gradual warming has, however, improved the accessibility of the Arctic Ocean. We show for the most resource-abundant European Arctic Seas whether and how a climate induced reduction in sea ice might impact future accessibility of offshore natural gas and crude oil resources. Based on this analysis we show for a number of illustrative but representative locations which technology options exist based on a cost-minimization assessment. We find that under current hydrocarbon prices, oil and gas from the European offshore Arctic is not competitive on world markets. |
format |
Text |
author |
Petrick, Sebastian Riemann-Campe, Kathrin Hoog, Sven Growitsch, Christian Schwind, Hannah Gerdes, Rüdiger Rehdanz, Katrin |
author_facet |
Petrick, Sebastian Riemann-Campe, Kathrin Hoog, Sven Growitsch, Christian Schwind, Hannah Gerdes, Rüdiger Rehdanz, Katrin |
author_sort |
Petrick, Sebastian |
title |
Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
title_short |
Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
title_full |
Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
title_fullStr |
Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
title_full_unstemmed |
Climate change, future Arctic Sea ice, and the competitiveness of European Arctic offshore oil and gas production on world markets |
title_sort |
climate change, future arctic sea ice, and the competitiveness of european arctic offshore oil and gas production on world markets |
publisher |
Springer Netherlands |
publishDate |
2017 |
url |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/ http://www.ncbi.nlm.nih.gov/pubmed/29067638 https://doi.org/10.1007/s13280-017-0957-z |
geographic |
Arctic Arctic Ocean |
geographic_facet |
Arctic Arctic Ocean |
genre |
Arctic Arctic Ocean Climate change Sea ice |
genre_facet |
Arctic Arctic Ocean Climate change Sea ice |
op_relation |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/ http://www.ncbi.nlm.nih.gov/pubmed/29067638 http://dx.doi.org/10.1007/s13280-017-0957-z |
op_rights |
© The Author(s) 2017 Open AccessThis article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. |
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CC-BY |
op_doi |
https://doi.org/10.1007/s13280-017-0957-z |
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