Climate adaption and the petroleum industry

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Climate adaption and the petroleum industry. Tore Killingland Director strategy and environment. The petroleum Sectors Role in the Norwegian Economy Percentage shares in 2012. Government net cash flow from petroleum activities as share of total state revenues. - PowerPoint PPT Presentation

Transcript of Climate adaption and the petroleum industry

Climate adaption and the petroleum industryTore KillinglandDirector strategy and environment

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The petroleum Sectors Role in the Norwegian EconomyPercentage shares in 2012

Gross Domestic Product (GDP)

23%

Government net cash flow from petroleum activities as share of total state revenues

30%

Gross Fixed Capital Formation Total Exports 1)

29% 52%

Source: Statistics Norway and Ministry of Finance

1) Includes oil, gas and pipeline services

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Petroleum production on NCSHistorically and future forecast. Scm o.e.

Historical development Future forecast path from The Revised National Budget 2013

Source: Min istry o f Finance and NPD

1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 2037 2040 2043 2046 2049

0

50

100

150

200

250

300

Mill.

Sm

3 oi

l equ

ival

ents

0

50

100

150

200

250

300

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Petroleum production on NCSMill. scm o.e., seasonally adjusted

Source: NPD and Norwegian Oil and Gas

1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013

0,0

2,5

5,0

7,5

10,0

12,5

15,0

17,5

20,0

22,5

25,0

0,0

2,5

5,0

7,5

10,0

12,5

15,0

17,5

20,0

22,5

25,0

Total

Of which, crude oil

Gas

Natural gas can contribute to better air quality and to mitigating climate change

5*Power generation efficiencies assumed: Natural gas 55%, crude oil 37%, coal 39%

CO2-emissions at the NCS

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Ekofisk, - bad weather

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Ekofisk

22.04.2023 - PRESENTATION TITLE. INSERT FROM "HEADER & FOOTER"

Insert picture

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Åsgard, - both floating

Goliat

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Annual mean wind

NVE Offshore wind- report,- about best areas to use

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Wave heights

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Onshore: Snøhvit close to Hammerfest

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Stortingsmelding

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Thank you for your attention!

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UK ENERGY IN BRIEF 2012

22.04.2023 - PRESENTATION TITLE. INSERT FROM "HEADER & FOOTER"

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Electrification:Why is it expensive to replace equipment here?

19Bilde: Gyda, Ragnar Ness (Talisman)

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Jotun, - in the mid North Sea

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Alvheim, - in the mid part of the North Sea