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
Why Arctic ? – and why now ?
A key role in meeting future demand
• Significant HC potential
• Increased world demand
• Technology makes it possible
Ice cover
Summer 2011
• Key elements in a sustainable
Arctic development
− Competence/Technology
− Step-by step approach
* US Geological Survey estimates 2008
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Greenland/E.
Canada
~52 Bboe
East Barents
~60 Bboe
Snøhvit
Melkøya
NCS
First
Fourth
Thirdstep
step
step
– -1985
–2000
Second
step
-2006-2011
1996
Status
1979
Norne
Heidrun
Åsgard
Haltenpipe
ÅTS
Ormen Lange
Statfjord
Tampen Link
Nyhamna
Gjøa
Troll
Frigg
Flags
Kollsnes
Vesterled
Kårstø
Sleipner
St Fergus
Europipe II
Ekofisk
Europipe I
Langeled
Zeepipe I
Norpipe
Teesside
Franpipe
Easington
Emden/
Dornum
Zeebrügge
Dunkerque
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The Snøhvit field, 2007-2040+
State of the art technology in Arctic conditions
• 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
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2011 - The direction is set
Important policy milestones – key industry developments
Management plan
Barents Sea
White paper on oil and
gas
White paper on the High
North
Discovery at
Johan Sverdrup
Barents Sea Delineation Agreement
Norway/Russia
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Discovery at
Skrugard / Havis
The NCS north of the Arctic Circle
A new oil and gas region
• 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)
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Norne
The Norwegian Arctic
A future source of energy to Europe
European Gas Demand/Supply
(bcm)
800
Large Norwegian gas resources
to meet future demand
Reserves
Contingent resources in fields
Billion Sm3/year
Proximity to markets
Pipeline
LNG
600
Contingent resources in discoveries
Undiscovered resources
Norway
Gap ~250
BCM
400
Russia
200
1255
1255
2042
2042
billion scm3
billion scm3
3
billion scm3
billion scm
2007
2012
2017
2022
4% natural decline prod. fields
2027
357
357
293
293
Algeria
Demand IEA Ref scenario
Demand IEA 450 scenario
Source: IEA
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Source: Norwegian Oil- and Energy Department, per 31.12.2010
The Barents Sea
A gateway to the Arctic
• 30+ years of Arctic activity
• Mostly ice free
• Proximity to markets
• Stable and predictable
framework
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2012-02-15
Ice cover
February 2012
The way forward on the Norwegian
Continental Shelf
- into the Arctic oceans
Øivind Dahl-Stamnes
VP North Area Initiative
www.statoil.com
9
2012-02-15