The way forward on the Norwegian Continental Shelf
- Slides: 9
The way forward on the Norwegian Continental Shelf - into the Arctic oceans Brussels, March 6 th 2012 Øivind Dahl-Stamnes, VP North Area Initiative, Statoil 2012 -02 -15
Why Arctic ? – and why now ? A key role in meeting future demand • Technology makes it possible W e ~1 st 33 Sib Bb eri oe a Ala • Increased world demand A sk rcti a / ~7 Be c 3 B au bo for t e • Significant HC potential Ice cover Summer 2011 • Key elements in a sustainable Arctic development − Competence/Technology − Step-by step approach * US Geological Survey estimates 2008 2 2012 -02 -15 Greenland/E. Canada ~52 Bboe East Barents ~60 Bboe
Snøhvit Melkøya NCS First Fourth Thirdstep – -1985 – 2000 Second step -2006 -2011 1996 Status 1979 Norne Heidrun Åsgard Haltenpipe ÅTS Ormen Lange Statfjord Tampen Link Nyhamna Gjøa Troll Frigg Flags Kollsnes Vesterled Kårstø Sleipner St Fergus Europipe II Ekofisk Europipe I Langeled Teesside Zeepipe I Norpipe Franpipe Easington Emden/ Dornum Zeebrügge Dunkerque 3 2012 -02 -15
The Snøhvit field, 2007 -2040+ State of the art technology in Arctic conditions • World’s northernmost LNG facility at 70 deg. North, 5 mill. tons/year • No surface facilities offshore, no conflict with fishing interests • World’s longest unprocessed multiphase pipeline - 143 km • Injection/Storage of CO 2 equal to emissions from 280, 000 vehicles 4 2012 -02 -15
2011 - The direction is set Important policy milestones – key industry developments Management plan Barents Sea White paper on oil and gas White paper on the High North Discovery at Johan Sverdrup Barents Sea Delineation Agreement Norway/Russia 5 2012 -02 -15 Discovery at Skrugard / Havis
The NCS north of the Arctic Circle A new oil and gas region • Project development − Goliat, Luva, Snøhvit Future and Skrugard/Havis • 500. 000+ boe/day in 2020 • Increased exploration efforts − 22. license round • Opening Barents Sea Southeast in 2013 (former disputed zone) 6 2012 -02 -15 Norne cle Arctic cir
The Norwegian Arctic A future source of energy to European Gas Demand/Supply (bcm) 800 Large Norwegian gas resources to meet future demand Reserves Contingent resources in fields Billion Sm 3/year Proximity to markets 600 Contingent resources in discoveries Undiscovered resources Pipeline LNG Norway Gap ~250 BCM 400 Russia 200 1255 2042 billion scm 3 3 billion scm 2007 2012 2017 2022 4% natural decline prod. fields 2027 357 293 Demand IEA Ref scenario Demand IEA 450 scenario Source: IEA 7 2012 -02 -15 Source: Norwegian Oil- and Energy Department, per 31. 12. 2010 Algeria
The Barents Sea A gateway to the Arctic • 30+ years of Arctic activity • Mostly ice free • Proximity to markets • Stable and predictable framework 8 2012 -02 -15 Ice cover February 2012
The way forward on the Norwegian Continental Shelf - into the Arctic oceans Øivind Dahl-Stamnes VP North Area Initiative www. statoil. com 9 2012 -02 -15
