The annual conference “Oil and gas fields development in Arctic and cold climate regions” is considered to be an important place for Russian and Norwegian oil and gas companies, OilCapital reported.

Norwegian oil industry has been developing technologies of management of offshore fields’ development in complicated geological structures and severe climate conditions for more than 30 years. One of the largest proved fields is Snøvit, operated by Statoil Company.

The most important issue is finding solutions for environmental problems in fragile Arctic. In 2005 the Norwegian government forbade discharges of oil products into the sea. Norwegian environmental rules for offshore oil production are the strictest in the world.