In an exclusive interview with Bloomberg Green, John Sognnes, a well-known industrial strategist, revealed that he expects certain industrial companies, with prior experience in offshore oil and gas extraction, to apply for business operations in Norway. This anticipation arises from the growing global interest in deep-sea drilling, attributed to the wealth of untapped natural resources hidden beneath the ocean floor.
1. Industrial strategist, John Sognnes, says he expects certain industries experienced in offshore oil and gas extraction to want business operations in Norway.
2. The expectation arises from the growing global interest in deep-sea drilling due to the wealth of untapped natural resources beneath the ocean floor.
3. Sognnes predicts that several industrial companies could also seek permission for subsea mineral mining in Norwegian waters.
4. If permitted, it could potentially create a new industry for companies wanting to diversify their operations.
5. Approval of such operations would signal a significant shift in Norway's policies, aligning more with the global trend towards exploration and exploitation of marine resources.
According to a study from ResearchAndMarkets.com, the global deep-sea drilling market size is expected to reach $3.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period.
Sognnes further elaborated on this prediction in his conversation with Bloomberg Green. He stated that several industrial companies, some of which have expertise in deep sea oil and gas drilling, might also show interest in seeking permission for subsea mineral mining in Norwegian waters. If permitted, this could potentially open up a new realm for industries looking to diversify their operations. It would also indicate a significant shift in the country's policies, aligning more with the global trend towards the exploration and exploitation of marine resources.