Arild Normann Nystad

Arild Nystad (Dr.Techn/Ph.D.) has 40 years of experience from the petroleum sector in Norway and internationally and working as advisor since 2001.

Petroleum Resource Management: Nystad has a broad experience from the Management of the Petroleum Sector in the capacity of Director of Petroleum Resource Management Division at the Norwegian Petroleum Directorate (www.npd.no/en/) advising the Ministry of Petroleum and Energy (MPE) on all O&G matters, Manager of the Establishment Team of Petoro AS (www.petoro.no/home) (the State’s Direct Financial Interests in Petroleum Fields) (2001) and advisor (2001-2003), and Board Member  of Gassco AS (www.gassco.no/en/) (the State’s Operating Company of Gas Pipelines to Europe) (2005-2007). At NPD Nystad had responsibility for advising the Ministry on the Concession Rounds and about 40 Plans for Developments and Operations (PDO) in the period 1985-1997. He holds a Ph.D. on “Petroleum Reservoir Management: Reservoir Economics and Optimization” from NTNU and has an internationally recognized expertise on petroleum taxation, including incentives and distribution in fiscal and contractual regimes. He developed the concept of Reservoir Economics and published extensively in refereed journals on petroleum resource management and petroleum taxation.  

International: Nystad has an extensive international experience from several projects and seminars in petroleum producing countries on Petroleum Resource Management, Governance of the Petroleum Sector and Integrated Operations and Smart Fields (Brazil, Mexico, Tanzania, Zanzibar, Mozambique, Malaysia, Thailand, India). Nystad served as member of Advisory Group Energy (AGE) for the European Commission advising on the 7th frame program on R&D (2006-2008). Nystad was board member (1994-2003) and president (2001) of the International Association of Energy Economics (IAEE) (www.iaee.org)

R&D and Innovation: Nystad has 25 years’ experience: Chief Scientist at Centre of Petroleum Economic Studies (CMI), developing Reservoir Economics & Fiscal Optimization (1981-1985) (ref: PhD). Coordinator/Editor of the R&D Strategy in O&G for NTNU in 2005 (BRU2005), member Management Team of “Center for Integrated Operations in the Petroleum Industry” at NTNU (2007-2014), Conference Chair “Annual International Conference on Integrated Operations” (2007-2014), member Management Team “Drilling and Well Center for Improved Recovery” (www.drillwell.no) (2011-2015). Coordinator of BRU21 NTNU Strategy for O&G (2016-2017): NTNU Strategy for Oil and Gas (Coordinator & Editor: Arild N. Nystad). Advisor and Concept Developer for BRU21 Digital and Automation Solutions for O&G (2017-2020). Nystad coordinated the Business Plan for “Digital Infrastructure Offshore” for the Oil Industry Organization (OLF/Offshore Norge) (https://offshorenorge.no/en/) during their Program on Integrated Operation (2005-2011). He has been involved in 6 commercial start-up companies including www.solutionseeker.no.

Work Experience                                                                           

2022 -         R&D Advisor on Petroleum Resource Management and Energy Transition    

2005-2020: R&D Industry coordinator for NTNU, UiS, SINTEF, MARINTEK, IFE, IRIS/NORCE  

2003-2012: Project work for Petrobras, Petronas, NIOC, PDVSA, PTTEP, Energy Ministry of Zanzibar  

2001-2003: Petoro AS, Manager of the Establishment Team (2001) and Advisor (2001-2003)  

1997-2000: Managing Director of RC Consultant AS and CEO of RC Gruppen, Stavanger

1991-1997: Director of the Petroleum Resource Management Division at the Norwegian Petroleum Directorate (NPD), Stavanger, Norway, reporting to the Ministry of Petroleum and Energy

1985-1991: Director Petroleum Resource Economics Department, Director Field Development Department, Director Exploration Department at the Norwegian Petroleum Directorate (NPD).

1980-1985: Chief Scientist and Manager of Centre of Petroleum Economic Studies, Chr. Michelsen Institute, Bergen, Norway (Science Staff of 15 & 10 International Academic Advisors).

1974-1980: Scientist, Continental Shelf Institute, IKU (SINTEF Petroleum), Reservoir Management and Economics.    

Academics 

1994-1997: Professor II in Petroleum Economics at Norwegian University of Science and Technology

1987           Ph.D (Dr.Techn) at NTNU. Thesis: “Petroleum Reservoir Management: Reservoir Economics”

1979-1981: Economics at Hochschule St. Gallen, Switzerland. Thesis: “Macroeconomic Planning and Dynamic Modelling” (1st Price for best diploma)

1974-1976: M.Sc. Petroleum Economics and Petroleum Engineering, Institut Francais du Petrole, Paris, France. Thesis: “Investment Decisions in Petroleum Projects”

1974           Netherland School of Economics, Erasmus University, Rotterdam: “Petroleum Economics”

1967-1972: M.Sc. Department of Engineering Cybernetics, Norwegian University of Science and Technology, Thesis: “Cybernetic Modelling and Macroeconomic Stabilization Policy”