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Marine Mineral Opportunities

Photo by University of Bergen - Picture of Ægir 6000 Deep-sea ROV
Picture of Ægir 6000 Deep-sea ROV. Photo by the University of Bergen.

The interest for marine minerals is increasing as the legislation is moving forward and exploration activities show promising results. Join our webinar 11 June to learn more about the opportunities and key initiatives within marine minerals.

The government passed the Seabed Mineral Act as of 1 July 2019. The new law facilitates exploration and the potential future production of seafloor mineral deposits.

The Norwegian Petroleum Directorate (NPD) was assigned the task to map and quantify potential resources and a national survey programme was initiated in 2018.

Moreover, the Norwegian government has recently announced a doubling in the revised national budget for marine mineral exploration.

High on the Agenda

Join our webinar 11 June to hear NPD present the status on legislation work both nationally and internationally, as well as highlights from the results of the marine mineral exploration work conducted so far in Norway and plans for increasing this work in the time ahead.

The Norwegian Forum for Marine Minerals (NMM) was established in 2019 as an association of industry and research actors who work together to develop knowledge and expertise, and a Norwegian industry aimed at sustainable and responsible exploration and extraction of marine mineral resources.

NMM will present its work and ambition in the webinar.

Opportunities for the Industry

In the webinar we will hear veteran and entrepreneur Walter Sognnes’ thoughts on the opportunities, and why he recently started the company Loke Marine Minerals together with Tore Halvorsen and Hans Olav Hide.

Walter has previously been involved in starting and heading several oil companies including Revus Energy and Spike Exploration.

Several industry actors see the potential within marine minerals. Especially companies involved in seabed surveys have been able to increase their activities in this direction.

At our event; the Subsea Innovation Day in 2016, 39% of the respondents answered positively to the question: Do you think deep-sea mining could contribute to more than 15% of your company/organisation’s revenue within 10 years? This will in such case represent a huge value for Norwegian trade and industry.

During the webinar, we will also hear the plans for the Centre for Deep Sea Innovation, aiming to step-change seabed mapping efficiency and reducing associated CO2 emissions.

Read full programme and sign up for the webinar.

Contact Information

Jon O. Hellevang

Senior Ocean Technology Innovator

Jon O. Hellevang

Marine Minerals

GCE Ocean Technology has taken an active role in the mapping of the marine mineral resource base and the possibility of establishing a new industry within marine minerals.

The cluster hosted the world's largest conference on marine minerals in 2018 (UMC), and the subsequent establishment of the Norwegian Forum for Marine Minerals, where we sit on the board.

In 2019 we were an active contributor to the establishment of the Centre for Deep Sea Innovation.