Nicholas Ashton, Head of Exploration Norway & UK with Equinor, started out his presentation at the NCS Exploration Strategy Conference in Stavanger last week by expressing concerns over the predicted gap between oil & gas demand and oil & gas supply.
As very few are actually aware of this, he urged the audience to convey this extremely important message to “all people we meet” outside the exploration community.
His concern is that we will run out of fossil fuels long before we are able to replace oil, gas and coal with renwable energy. This is why we need to continue to explore on the NCS and make many new discoveries.
“Oil and gas are here to stay,” Nicholas Ashton concluded.