Welcome to the InfoSci Platform
Reference Hub7
Smart Assets Through Digital Capabilities

Smart Assets Through Digital Capabilities

Jayantha P. Liyanage, Thore Langeland
Copyright: © 2009 |Pages: 6
ISBN13: 9781605660264|ISBN10: 1605660264|EISBN13: 9781605660271
DOI: 10.4018/978-1-60566-026-4.ch553
Cite Chapter Cite Chapter

MLA

Liyanage, Jayantha P., and Thore Langeland. "Smart Assets Through Digital Capabilities." Encyclopedia of Information Science and Technology, Second Edition, edited by Mehdi Khosrow-Pour, D.B.A., IGI Global, 2009, pp. 3480-3485. https://doi.org/10.4018/978-1-60566-026-4.ch553

APA

Liyanage, J. P. & Langeland, T. (2009). Smart Assets Through Digital Capabilities. In M. Khosrow-Pour, D.B.A. (Ed.), Encyclopedia of Information Science and Technology, Second Edition (pp. 3480-3485). IGI Global. https://doi.org/10.4018/978-1-60566-026-4.ch553

Chicago

Liyanage, Jayantha P., and Thore Langeland. "Smart Assets Through Digital Capabilities." In Encyclopedia of Information Science and Technology, Second Edition, edited by Mehdi Khosrow-Pour, D.B.A., 3480-3485. Hershey, PA: IGI Global, 2009. https://doi.org/10.4018/978-1-60566-026-4.ch553

Export Reference

Mendeley
Favorite

Abstract

The history of oil and gas (O&G) production on the Norwegian Continental Shelf (NCS) dates back to the early 70s and began with the discovery and subsequent development of the great Ekofisk asset in 1969. Ever since, North Sea has been an attractive region, and Norway in particular has been a major supplier of O&G to the world energy market. The remaining production prospect on the Shelf is also said to be substantial and the more recent estimates indicate that it is equivalent to twice the already produced amount. However, a major part of the Norwegian O&G production portfolio will approach maturity by 2007/2008. Both declining production and marginal discoveries have given a clear indication that the Norwegian O&G industry will undergo a series of significant challenges during the next few years. These critical issues, in conjunction with volatile business environment, have brought a major turning point demanding immediate steps to enhance operational efficiency and to reduce operating risk in offshore exploration and production (E&P) activities on NCS.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.