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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Autores principales: Petrick, Sebastian, Riemann-Campe, Kathrin, Hoog, Sven, Growitsch, Christian, Schwind, Hannah, Gerdes, Rüdiger, Rehdanz, Katrin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2017
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/
https://www.ncbi.nlm.nih.gov/pubmed/29067638
http://dx.doi.org/10.1007/s13280-017-0957-z
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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
collection PubMed
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. ELECTRONIC SUPPLEMENTARY MATERIAL: The online version of this article (doi:10.1007/s13280-017-0957-z) contains supplementary material, which is available to authorized users.
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spelling pubmed-56738732017-11-20 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 Ambio Article 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. ELECTRONIC SUPPLEMENTARY MATERIAL: The online version of this article (doi:10.1007/s13280-017-0957-z) contains supplementary material, which is available to authorized users. Springer Netherlands 2017-10-24 2017-12 /pmc/articles/PMC5673873/ /pubmed/29067638 http://dx.doi.org/10.1007/s13280-017-0957-z Text en © 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.
spellingShingle 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
title 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_short 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
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5673873/
https://www.ncbi.nlm.nih.gov/pubmed/29067638
http://dx.doi.org/10.1007/s13280-017-0957-z
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