Copper|Energy|Engineering|Exploration|Gas|Marine|Mining|Oil And Gas|Oil-and-gas|Service|Solar|Turbines|Solutions|Environmental|Turbines
Copper|Energy|Engineering|Exploration|Gas|Marine|Mining|Oil And Gas|Oil-and-gas|Service|Solar|Turbines|Solutions|Environmental|Turbines

Norway's Aker BP may explore for seabed minerals, CEO says

20th September 2023

By: Reuters


Font size: - +

OSLO - Norway's second-largest listed oil and gas company, Aker BP, said it would consider applying for licenses to mine minerals from the seabed if parliament approves a plan for such exploration.

Norway could become the first country to start commercial deep sea mining if parliament gives the go-ahead to explore the remote Mid-Atlantic ridge for minerals such as copper, cobalt and rare earth elements, in a vote expected early next year.

"If parliament opens (oceans for seabed mining), we will consider applying for licenses," Aker BP CEO Karl Johnny Hersvik told Reuters on the sidelines of an energy conference in Oslo on Wednesday.

Aker BP has a group of about 10 people working on seabed minerals.

"We are currently monitoring the situation. We still need to understand whether it can be economic, and how to explore," Hersvik added.

Norway's government says deep sea mining could help Europe reduce its dependence on China for the supply of critical minerals needed to build electric vehicle batteries, wind turbines and solar panels.

The move is controversial with conservationists, who warn that mining the ocean floor would threaten the biodiversity of vital ecosystems.

Mineral-rich massive sulphide deposits have been formed by so-called hydrothermal vents along mid-ocean ridges, where unique species are also found living near active vents.

"If there's a 'go' for seabed minerals, we will definitely not target the active hydrothermal wells, because of potential environmental impact," Hersvik said.

So far, several Norwegian seabed mineral startups, such as Green Minerals and Loke Marine Minerals, have said they would seek permits to explore Norwegian waters.

Loke, established in 2019, has attracted Anglo-French engineering firm Technip and shipping company Wilhelmsen, as investors.

But Aker BP would be by far the biggest player, if it goes ahead. It is also a part of the larger Aker group AKER.OL, which includes oil service company Aker Solutions.

"We are looking at seabed minerals as part of the whole group," Aker Solutions CEO Kjetel Digre told Reuters.

Edited by Reuters




Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...


Latest Multimedia

sponsored by

Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.129 0.161s - 94pq - 2rq
1: United States
Subscribe Now
2: United States