The way forward on the norwegian continental shelf into the arctic oceans
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The way forward on the Norwegian Continental Shelf - into the Arctic oceans. Brussels, March 6th 2012 Øivind Dahl-Stamnes, VP North Area Initiative, Statoil. Why Arctic ? – and why now ?. A key role in meeting future demand. Arctic Alaska/Beaufort ~73 Bboe. West Siberia ~133 Bboe.

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The way forward on the norwegian continental shelf into the arctic oceans

The way forward on the Norwegian Continental Shelf - into the Arctic oceans

Brussels, March 6th 2012Øivind Dahl-Stamnes, VP North Area Initiative, Statoil


Why arctic and why now
Why Arctic ? – and why now ?

A key role in meeting future demand

Arctic Alaska/Beaufort~73 Bboe

West Siberia~133 Bboe

Ice coverSummer 2011

Greenland/E. Canada~52 Bboe

East Barents~60 Bboe

* US Geological Survey estimates 2008

  • Significant HC potential

  • Increased world demand

  • Technology makes it possible

  • Key elements in a sustainable Arctic development

    • Competence/Technology

    • Step-by step approach


Snøhvit

Melkøya

Norne

Heidrun

Åsgard

Statfjord

Haltenpipe

ÅTS

Ormen Lange

Nyhamna

Troll

Frigg

Kollsnes

Vesterled

Kårstø

Sleipner

St Fergus

Europipe II

Ekofisk

Europipe I

Langeled

Norpipe

Zeepipe I

Teesside

Franpipe

Easington

Emden/Dornum

Zeebrügge

NCS

First step – 1985

Fourth step – 2006-2011

Third step - 2000

Second step - 1996

Status 1979

Flags

Tampen Link

Gjøa

Dunkerque


The sn hvit field 2007 2040
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 CO2 equal to emissions from 280,000 vehicles


2011 the direction is set
2011 - The direction is set

Discovery at Skrugard / Havis

Important policy milestones – key industry developments

Management plan Barents Sea

White paper on oil and gas

White paper on the High North

Discovery atJohan Sverdrup

Barents Sea Delineation Agreement Norway/Russia


The ncs north of the arctic circle
The NCS north of the Arctic Circle

A new oil and gas region

Norne

Arctic circle

  • 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)


The norwegian arctic
The Norwegian Arctic

A future source of energy to Europe

European Gas Demand/Supply (bcm)

Large Norwegian gas resources to meet future demand

Proximity to markets

800

Pipeline

Reserves

LNG

Contingent resources in fields

600

Contingent resources in discoveries

Norway

Undiscovered resources

Billion Sm3/year

Gap ~250 BCM

400

Russia

200

1255billion scm3

2042billion scm3

1255billion scm3

2042billion scm3

2007

2012

2017

2022

2027

357

357

293

Algeria

293

4% natural decline prod. fields

Demand IEA Ref scenario

Demand IEA 450 scenario

Source: IEA

Source: Norwegian Oil- and Energy Department, per 31.12.2010


The barents sea
The Barents Sea

A gateway to the Arctic

Ice coverFebruary 2012

30+ years of Arctic activity

Mostly ice free

Proximity to markets

Stable and predictable framework


The way forward on the Norwegian Continental Shelf - into the Arctic oceans

Øivind Dahl-Stamnes

VP North Area Initiative

www.statoil.com


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