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Mariner – a project in the making

Mariner – a project in the making. 20 December 2012. Statoil makes investment decision on Mariner. Largest CAPEX commitment on the UKCS for over a decade Gross investment of more than USD 7 billion (half to be spent between 2013-2017)

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Mariner – a project in the making

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  1. Mariner – a project in the making 20 December 2012

  2. Statoil makes investment decision on Mariner • Largest CAPEX commitment on the UKCS for over a decade • Gross investment of more than USD 7 billion (half to be spent between 2013-2017) • Statoil’s experience and technology will unlock large reserves • Approx. 2 billion boe in place (100%) • More than 250 mboereserves • Production for 30 years • Approx. 55,000 bbls/d over the plateau period 2017-2020

  3. Mariner is part of the corporate strategy World’s largest offshore operator and a key player in the North Sea Solid heavy-oil experience from Norway, Brazil, Canada and Venezuela – supported by a strong R&D focus First operator to present commercial development plan for Mariner

  4. Mariner – Overview

  5. Mariner field specifications • Reservoirs: • Maureen formation at 1,492m • Heimdalreservoir at 1,227m • Heavy oil • Oil with API gravities of 12.1° to 14.2°

  6. The field development concept Production, drilling and living quarters (PDQ) platform Floating storage unit (FSU) Jack-up drilling rig during first 4-5 years First oil: 2017 Projected oil reserves: more than 250 million barrels

  7. The field development concept – details

  8. Projected benefits for the UK Aberdeen • Significant tax revenues • Operations centre in Aberdeen • 700 long term jobs • Knowledge and technology transfer for future UK projects • Local contractors for support services, maintenance & modifications

  9. Strategic context of Mariner for Statoil A natural expansion of Statoil’s lead role in the North Sea basin First move into a major development field in the UK Developing competence and technology to unlock new heavy oil fields worldwide

  10. www.statoil.com

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