Arild N. 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 ( advising the Ministry of Petroleum and Energy (MPE) on all O&G matters, Manager of the Establishment Team of Petoro AS ( (the State’s Direct Financial Interests in Petroleum Fields) (2001) and advisor (2001-2003), and Board Member of Gassco AS ( (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) (

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” ( (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) ( during their Program on Integrated Operation (2005-2011). He has been involved in 6 commercial start-up companies including

Work Experience

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

2005 – 2020 R&D Advisor and Industry coordinator for NTNU, UiS, SINTEF, MARINTEK, IFE, IRIS/NORCE

2003 – 2012 Projects on NCS and Internationally with Petrobras, Petronas, NIOC, PDVSA, PTTEP, Ministry 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 and 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.


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 Planning”

Publications: “Petroleum Resource Management”:

(1979) Nystad, Arild N.: “Statfjord A Question of Finance”. Offshore Engineer, September 1979, pp 31-33.

(1980) Nystad, Arild N.: “Small Oilfields prone to Low Rates of Return Despite Escalating Prices”. Offshore Engineer, April 1980, pp 39-40.

(1980) Nystad, Arild N., Østby, M.: “Floating Plant Could Convert Gas to Methanol Economically”. World Oil, April 1980, pp 49-53.

(1981) Nystad, Arild N.: “Economic Analysis of the North Sea Oil and Gas Region”. Journal of Petroleum Technology, December

1981, pp 2515-2527. and: SPE Reprint Series No. 16 Economics and Finance, Society of Petroleum Engineers, pp 260-272.

(1982) Nystad, Arild N.: “Reservoir economics: How should oil and gas fields be exploited”. Ingeniør-Nytt, No. 23, 1982, pp 70-72 and 146.

(1984) Nystad, Arild N.: “Petroleum Taxation and Resource Recovery of Petroleum Reservoirs”. Bedriftsøkonomen, 2-84, 1984, pp 81-86.

(1984) Nystad, Arild N.: “Discount Factor, Petroleum Taxation and Resource Recovery of Oil and Gas Reservoirs”. Sosialøkonomen, 10-84, 1984, pp 23-28.

(1985) Nystad, Arild N.: “Petroleum Taxes and Optimal Resource Recovery”. Energy Policy, August 1985, pp 381-401.

(1985) Nystad, Arild N.: “Planning time and resource recovery in connection with oil and gas production”. Sosialøkonomen, No. 8, September 1985, pp 22-25. 

(1986) Nilssen T., Nystad, Arild N.: “Optimum exploration and extraction in a petroleum basin – The case of simultaneous field developments”. Resources and Energy, 8, 1986, pp 219-230.

(1987) Nystad, Arild N.: “Rate sensitivity and the optimal choice of production capacity of petroleum reservoirs”. Energy Economics, Jan. 1987, pp 37-45.

(1987) Stensland G., Nystad, Arild N.: “Optimal choice of R&D Strategy for Enhanced Recovery from Petroleum Reservoirs”. The Energy Journal, Volume 8, No 1, 1987, pp 125-132.

(1987) Wallace S. W., Helgesen G., Nystad, Arild N.: “Generating Production Profiles for an Oil field”. Mathematical Modeling, Volume 8, 1987, pp 681-686.

(1988) Nystad, Arild N.: “On the Economics of Improved Oil Recovery: The optimal Recovery Factor from Oil and Gas Reservoirs”. The Energy Journal, October 1988, pp 49-61.

(1988) Nystad, Arild N.: “Petroleum Reservoir Management: A Reservoir Economic Approach”. Natural Resource Modeling, Volume 2, No 3, Winter 1988, pp 345-382.

(2010) Nystad, Arild N.: “Security of energy supplies for Europe: The importance of conventional energy, innovation, and regional cooperation”, International Series on Technology Policy and Innovation: Energy and Innovation: Structural Change and Policy Implications, Perdue University Press 2010 (p147-157)

Economics & others:

(1975) Nystad, Arild N.: “Control Theory and Macroeconomic Stabilization”. Sosialøkonomen, February 1975, pp 21-32.

(1975) Danielsen, Bjørn Ivar, Nystad, Arild N.: “Long Term Manpower Planning with Quantitative Methods”. Bedriftsøkonomen, No. 8, 1975, pp 354-359.

(1976) Nystad Arild N.: “The French Petroleum Institute – International Oil School”. Norsk Oljerevy, No. 10, December 1976, pp 20 and 29.

(1980) Nystad, Arild N.: “Petroleum Technology Education in Norway”. Norsk Oljerevy, No. 5, 1980, pp 26 and 43-45.

(1981) Nystad, Arild N.: “Application of Control and System Theory to Macroeconomics: A Survey”, Diskussionsbeiträge Volkswirtschaftlichen Abteilung der Hochschule St. Gallen, Schweiz.