The shelf in 2009 - Oljedirektoratet...June 2011. In a longer term perspective, import of CO 2 from...
40
The shelf in 2009 Director general Bente Nyland Press conference 15 January 2010
Transcript of The shelf in 2009 - Oljedirektoratet...June 2011. In a longer term perspective, import of CO 2 from...
The shelf in 2009Director general Bente Nyland
Press conference 15 January 2010
Contents
w Production
w Plans for development and operation
w Investments
w Exploration
w Seismic acquisition
w CCS
w Climate Cure 2020
20.01.2010 2
Oil price trend
20.01.2010 3
Area announced and awarded 1965-2009
20/01/2010 4
Acr
eage
(km
2 )
Exploration well record
w 65 exploration wellsw 44 wildcat wellsw 21 appraisal wellsw 72 exploration wells have been completed
w The North Sea: 47 exploration wells – 21 discoveriesw The Norwegian Sea: 18 exploration wells – 7 discoveries
20.01.2010 5
Exploration wells 1968 – 2009Prognosis 2010
20.01.2010 6
The NPD´s prognosis for explorationwells in 2010
w 40 – 50 exploration wellsw The North Sea: 29 - 35w The Norwegian Sea: 9-12w The Bartens Sea: 2-3
w Companies: Statoil, Det norske oljeselskap, Wintershall, Lundin, Talisman, ConocoPhillips , Centrica, Nexen, Eni, Premier, BG, Total, Noreco, Shell, Exxon Mobil
20.01.2010 7
Discoveries 2009
Discoveries 2009
w 28 new discoveriesw The North Sea: eight oil discoveries, four oil/gas discoveries, two
gas/condensate discoveries, three gas discoveriesw The Norwegian Sea: one oil discovery, one oil/gas discovery, one
gas/condensate discovery, four gas discoveries
w Proven resourcesw 36 – 94 million Sm3 recoverable oil/condensatew 37 – 154 billion Sm3 recoverable gas
20.01.2010 9
Exploration players: spudded explorationwells in 2009
w Statoil ASA: 29
w ExxonMobil, Lundin, Marathon, Det norske oljeselskap: 5
w BG Norge AS: 4
w Wintershall: 3
w Shell, Talisman: 2
w Noreco, Petrocanada, GDF Suez, Total, VNG: 1
20.01.2010 10
Annual growth in resources and production
Preliminary figures
Growth in resources
Production
Milli
on S
m3
o.e.
Oil production 2009 by fieldTotal 115.5 MSm3
Oil production 1999 by fieldTotal 168.7 MSm3
20.01.2010 13
Oil production 1989 by fieldTotal 86 MSm3
20.01.2010 14
Oil production
20.01.2010 15
Oil production - uncertainty
20.01.2010 16
Gas sales
20.01.2010 17
Petroleum production
20.01.2010 18
Development wells
20.01.2010 19
New fields in production - 2009
w The North Seaw Rev, 24 January
(Talisman) w Volund, 10 September
(Marathon)w 33/9-6 Delta (test production)
(Wintershall)
New fields in production - 2009
w The Norwegian Seaw Alve, 19 March
(Statoil ) w Tyrihans, 8 July
(Statoil)w Yttergryta, 5 January
(Statoil)
Reserves growth 2005 - 2014
20.01.2010 22
Resources overview as of 31 december2009
20.01.2010 23
w Total resources approx. 13 billion Sm3 o.e. (Range of uncertainty10-16 billion Sm3 o.e.)
w 5.3 billion Sm3 o.e. produced
w 4.8 billion Sm3 o.e. remainingproven resources
w 3.3 billion Sm3 o.e. undiscovered(expected value)
24
Status of fields and discoveries as of31 December 2009
w 65 fields in production
w 8 fields being developed
w 82 discoveries being evaluated
w Approximately 289 projects for improved recovery in existing fields
w 76 millioner Sm3 o.e. with positive developmentdecisions in 2009
Investments and exploration cost
20.01.2010 25
Investments, exploration costs and operating costs
20.01.2010 26
Price expectations for 15 developments in 2005 - 2009
20.01.2010 27
PDOs in 2009
w PDOs – new field developmentsw Oselvar: Subsea satellite to Ula (Dong)w Goliat: New field centre in the Barents Sea (ENI)
w PDOs for existing fieldsw Troll projects: Installation of third rich gas pipeline from Troll A to
the process facility at Kollsnes and gas injection from Troll B
w PDO - exemptionsw Vega Sør Oilw Snorre Export
20.01.2010 28
Potential PDOs in 2010
New players on the Norwegian shelf
20.01.2010 30
Results for new players after 1999
w 227 production licences in the initial phasew 61 per cent of these are operated by new companies
w 329 exploration wellsw 69 of the wells were drilled by new operators – 64 wells
in the North Sea, 5 wells in the Norwegian Seaw 122 discoveries – 48 discoveries in awards after 1999w 15 discoveries made by new operators
Acquisition of seismic data
20.01.2010 32
Coexistence – seismic and fisheries
w Mandatory course for fishery expertsw Six courses with more than 100 participants in 2009
w New system for reporting and announcing seismic surveys on www.npd.no
w Tracking requirement for seismic acquisition vessels
w Cooperation agreement between the NPD, the Directorate of Fisheries and the Norwegian Coast Guard
NPD seismic 2009 – NordlandVII/Troms II
20.01.2010 34
Carbon capture and storage (CCS)
20.01.2010 35
Geological CO2 storage
w The NPD maps suitable areas for storage of CO2
w Joint European regulations for such storage will be in place by June 2011. In a longer term perspective, import of CO2 from Europe to the Norwegian shelf may be of interest.
w CO2 is currently being stored on the Norwegian shelf, at Sleipner in the Utsira formation and at Snøhvit in the Tubåen formation
w CO2 can be used to extract more oil from the fields
w Shut-down fields can be suitable locations for storing CO2
20.01.2010 36
Climate Cure 2020
w Work initiated by the Government, led by the Norwegian Pollution Control Authority (SFT)w The purpose is to identify measures that can help
achieve the Government’s climate goalsw The NPD’s contribution:w Sector analysis for the petroleum activitiesw Report on CCS – carbon capture and storage – both for the
petroleum industry and land-based industry with significant greenhouse gas emissions
w Climate Cure 2020 will be presented in February
Discharges of produced water
20.01.2010 38
Emissions to air
20.01.2010 39
NOX in thousand tonnes CO2 in million tonnes
Terms
w Prospect: an area where the chances of making a discovery are good
w Discovery: oil and gas proven by exploration wells
w Field: a discovery where development has been approved
w Resources: total volumes of oil and gas
w Reserves: oil and gas that have been approved for development
w IOR: improved oil recovery (from producing fields)
