The major energy dilemma.
In 2025 there will be more than 8 billion people in the world, and in 2050 almost 10 billion. The world will need more energy in the future, and even if we wished it could be so, there is no way that renewable energy sources can meet this need in the short term. Meanwhile production on our oil and gas fields is declining naturally every single year. Of fields currently in production, only 1/3 of today’s capacity will exist in twenty years’ time. This means that we need to find more oil and gas, as well as recover more from already existing fields, while steadily making continued efforts within renewable energy. Statoil wishes to help achieve all this in a responsible and sustainable manner.Learn more about energy realities