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 2012-02-15
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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. - PowerPoint PPT Presentation
Transcript of 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
2012-02-15
Why Arctic ? – and why now ?
• Significant HC potential
• Increased world demand
• Technology makes it possible
• Key elements in a sustainable
Arctic development
− Competence/Technology
− Step-by step approach
* US Geological Survey estimates 2008
Ice coverSummer 2011
Arct
ic
Alas
ka/B
eauf
ort
~73
Bboe
West Siberia
~133 Bboe
East Barents~60 Bboe
Greenland/E. Canada~52 Bboe
A key role in meeting future demand
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NCS
Nyhamna
Europipe II
Europipe I
Norpipe
Emden/Dornum
Teesside
ÅTS
Norne
Åsgard
Haltenpipe
Heidrun
Franpipe
Zeebrügge
Zeepipe I
St Fergus
Vesterled
Frigg
Kårstø
Kollsnes
Melkøya
Snøhvit
Ormen Lange
Easington
Langeled
Ekofisk
Sleipner
Troll
Dunkerque
Fourth step – 2006-2011Status 1979Second step - 1996First step – 1985Third step - 2000
StatfjordGjøaTampen Link
Flags
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• 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
The Snøhvit field, 2007-2040+State of the art technology in Arctic conditions
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2011 - The direction is set
Discovery atJohan Sverdrup
Discovery at Skrugard / Havis
Management plan Barents Sea
White paper on oil and gas
White paper on the High North
Important policy milestones – key industry developments
Barents Sea Delineation Agreement Norway/Russia
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The NCS north of the 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)
A new oil and gas region
NorneArctic circle
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The Norwegian ArcticA future source of energy to Europe
Source: Norwegian Oil- and Energy Department, per 31.12.2010
Proximity to markets European Gas Demand/Supply
(bcm)Large Norwegian gas resources
to meet future demand
Norway
Russia
Algeria
PipelineLNG
2042billion scm3
293
1255billion scm3
357
Reserves
Contingent resources in fields
Contingent resources in discoveries
Undiscovered resources
Bill
ion
Sm
3 /yea
r
800
600
400
200
2007 2012 2017 2022 2027
Gap ~250 BCM
4% natural decline prod. fields
Demand IEA Ref scenario
Demand IEA 450 scenario
2042billion scm3
293
1255billion scm3
357
Source: IEA
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The Barents Sea
• 30+ years of Arctic activity
• Mostly ice free
• Proximity to markets
• Stable and predictable
framework
Ice coverFebruary 2012
A gateway to the Arctic
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The way forward on the Norwegian Continental Shelf - into the Arctic oceans
Øivind Dahl-StamnesVP North Area Initiative
www.statoil.com
2012-02-159
