Key points
- The presentation was delivered by Tore Halvorsen of LOKE and Tim Crome of TechnipFMC.
- 96% of the world’s remaining cobalt reserves are located under water.
- The companies said sustainable subsea mineral extraction depends on knowledge from the oil and gas industry.
- The presentation stated Norway could lead this effort and become a dominant technology player and operator in marine minerals.
The need for minerals critical to the green transition is increasing substantially and the way forward is fully dependent on them. Large reserves are available under water, for example 96% of the world’s remaining cobalt. Subsea mining will play a key role but the extraction must be done sustainably. That won’t happen without knowledge from the oil and gas industry. Norway can lead that drive and even become a dominant technology player and operator in marine minerals.
LOKE (Tore Halvorsen) TechnipFMC (Tim Crome)
