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Going North Together

Going North Together. Bengt Lie Hansen President, StatoilHydro Russia Russian Petroleum & Gas Congress Moscow, 25 June 2009. Going North Together. Thoroughly prepared for venturing north.

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Going North Together

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  1. Going North Together Bengt Lie Hansen President, StatoilHydro Russia Russian Petroleum & Gas Congress Moscow, 25 June 2009

  2. Going North Together Thoroughly prepared for venturing north • As Norway’s oil and gas industry develops from south to north we draw on nearly forty years of experience

  3. Sleipner Troll Åsgard Ormen Lange Snøhvit Snøhvit Going North Together Melkøya Norwegian Continental Shelf The fourth step – 2006/2007 The first step - 1985 The second step - 1996 Status 1979 The third step - 2000 Norne Heidrun Åsgard Key learnings • What seems impossible can be done • … and create significant value ÅTS Haltenpipe Ormen Lange Troll Statfjord Nyhamna Kollsnes Frigg Kårstø Vesterled Sleipner St Fergus Ekofisk Europipe I Europipe II Zeepipe I Teesside 1979 1985 1996 2000 2006/2007 Easington Emden Zeebrugge Dunkirk

  4. Going North Together Ormen Lange - a textbook field development • One of the most daunting challenges ever encountered on the Norwegian Continental Shelf

  5. Going North Together A textbook field development • Field development offshore • Pipeline to shore • Gas processing plant on land • Subsea pipeline to UK • Gas to UK market

  6. Going North Together Snøhvit –Pioneer in the Arctic • The first offshore development in Arctic waters. The ground-breaking LNG project represents an invaluable pool of experience in the harsh climate of the extreme north

  7. Going North Together Pioneer in the Arctic • Field development offshore • Pipeline to shore • LNG plant • LNG carriers • Gas to new markets

  8. Introduction StatoilHydro in Russia • Producing oil from Kharyaga oil field • Partner on Shtokman project Phase One • Cooperation agreements with authorities in north-western Russia • Operating chain of gas stations • 20 years in Russia

  9. Image courtesy: Sherpa Consulting

  10. YTF (BBOE) 4.94 Oil/Gas Ratio: 0.7 YTF (BBOE) 3.57 Oil/Gas Ratio: 0.766 YTF (BBOE) 5.49 Oil/Gas Ratio: 0.7 YTF (BBOE) 12.71 Oil/Gas Ratio: 0.5 YTF (BBOE) 14.27 Oil/Gas Ratio: 0.5 YTF (BBOE) 20.05 Oil/Gas Ratio: 0.5 YTF (BBOE) 8.09 Oil/Gas Ratio: 0.064 YTF (BBOE) 12.77 Oil/Gas Ratio: 0.5 YTF (BBOE) 10.26 Oil/Gas Ratio: 0.5 YTF (BBOE) 21.08 Oil/Gas Ratio: 0.2 YTF (BBOE) 5.29 Oil/Gas Ratio: 0.2 YTF (BBOE) 6.29 Oil/Gas Ratio: 0.5 Reference case: Size of Shtokman (in same scale) YTF (BBOE) 104.65 Oil/Gas Ratio: 0.2 Russia has considerable offshore resources in the North

  11. Going North Together Strong partnership on Shtokman • It is one of the world’s largest and most challenging undeveloped offshore gas discoveries. This is why we call it the Mother of All Projects

  12. Shtokman - a combination of Snøhvit and Ormen Lange Modultransport • SDAG • Field development offshore • Pipeline to shore • Gas plant on land for processing and export compression • Pipeline to Europe • LNG to Atlantic markets

  13. Main challenges on Shtokman phase 1 Technical challenges • Arctic environment • Sensitive ecosystem • Ice and iceberg conditions • Remoteness from shore (550 km) • Phase 1 design capacity (70 MSM3/d) Planning and costs challenges • Tight schedule • Economics • Russian approval process Organization and human challenges • Developing a new organization • 3 different but complimentary cultures • Russian content

  14. Going North Together Shtokman- a combination of Snøhvit and Ormen Lange • Securing good progress towards FID • Strong partnership with Gazprom and Total

  15. Going North Together North-western Russia – at the dawn of a new era • The Shtokman project could spur future developments on the Russian Arctic shelf. Therefore, StatoilHydro helps Murmansk and Arkhangelsk prepare for challenges we faced on the NCS in the 1970’s.

  16. Going North Together North-western Russia – at the dawn of a new era • Cooperation Agreements with Murmansk Region Government and Arkhangelsk Region Administration since 2004 • Agreements cover supplier development, university cooperation, environmental projects and social cooperation programs

  17. Going North Together Productive partnership on Kharyaga • StatoilHydro and Total benefit from a decade of close collaboration in north-western Russia, overcoming the forbidding climate of the tundra

  18. Kharyaga Productive partnership on Kharyaga • 40% share in Kharyaga oil field on PSA terms • Producing around 20.000 boe/day, aiming for 40.000 boe/day • Valuable business experience with more than 10 years of cooperation with the Russian Federation under the Kharyaga PSA

  19. Going North Together Thoroughly prepared for venturing north • Technology enabler as leading operator and architect on NCS • Performing challenging development tasks creates base of experience • Cooperation driven, across borders

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