New tailor-made jack-up rigs
Cat J
New tailor-made jack-up rigs
Background
NCS realities
Maintain current production level until 2020
Current market situation
• High development cost
• Ageing rig fleet
• High entry barriers
Operational initiatives
• Develop project portfolio
• Improved recovery projects
• New wells in existing fields
• From customisation to standardisation
Commercial initiatives
• Alternative sourcing approaches
• Sustainable and competitive cost level
• Sufficient fit-for-purpose rig capacity
3
Improved oil recovery
Enhancing value
• Improved oil and gas recovery from NCS
• Enhanced value creation from oil and gas operations
• Extended lifetime for fields
• The most important measure to be able to extract more oil is to drill more wells
Driving technology and innovation in the rig market
Rig categories
Cat A Cat B Cat C Cat D Cat J
Light wireline
Coiled tubing
TTRD sidetrack drilling
Demanding wireline
Drilling and completion
Well workover
New rig design
Cat J
• New rig design optimised for shallow waters and harsh environment
• Perform 20% more cost efficient production drilling on the NCS
• Reduce yard delivery cost by10%
• Real impact on improving oil recovery
Cat J
New rig design
• Purpose-built rig and equipment
• Designed in collaboration with the industry
• Proven technology
HSE mindset
Strong focus on HSE
• Designed to prevent falling objects
• High reliability in well control systems
• Focus on competence and planning skills
• All operations 3D animated up front
Technical
Specifications
• Tailor-made jack-up rigs for operations in harsh environment on both surface and subsea wells
• More efficient material handling on deck
• Simultaneous operations
• Water depth capabilities
• Separate completion and drilling fluid systems
Possibilities
Cat J
Industrialisation
New sourcing approach
• From fixed platform drilling to subsea wells
• Long-term contracts secure predictability for contractors and operator
• Lowering risk for suppliers while securing rig capacity
• Rejuvenating rig fleet
• Providing sustainable cost competitiveness
Finance
Ownership in licenses
• Statoil will promote ownership of rigs in licenses with long term work programs
• Licences financial commitment is a key to ensure enough fit for purpose rigs on
NCS in a challenging market
• Ownership in license creates a market for suppliers of operational services
• Long-term contracts and ownership ensures predictability for both contractors and operators
Cat J in brief
• New rig design optimised for shallow waters and harsh environment
• Target to be 20% more efficient and reduce yard delivery cost by10%
• Real impact on improving oil recovery
• Long-term contracts and ownership ensures predictability
• Rejuvenating the NCS rig fleet
Thank you!
New tailor-made jack-up rigs www.statoil.com
