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Our business context

Our business context. Energy demand continues to accelerate as developing world populations and economies expand, with fossil fuels playing key role Keener competition , both economically and technologically , for access to oil and gas resources

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Our business context

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  1. Our business context • Energy demand continues to accelerate as developing world populations and economies expand, with fossil fuels playing key role • Keener competition, both economically and technologically, for access to oil and gas resources • Research that can be translated into innovative solutions to practical problems is a key component to face nowadays challenges.

  2. The ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance • Norway has administered its petroleum resources using three distinct government bodies: • A national oil company engaged in commercial hydrocarbon operations • A government ministry to direct policy • A regulatory body to provide oversight and technical expertise

  3. The ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance • • Statoil – stock listed but partly government – owned • Ministry of Petroleum and Energy • NPD – Norwegian Petroleum Directorate, issuing E&P licenses • with the help of • • Petoro • Norway’s Government Pension Fund

  4. Apply technology to expand in unconventionals Developing unconventionals is key to meet growing energy demand Always aim for the moon, even if you miss, you'll land among the stars. W. Clement Technology roadmap to boost economics and reduce environmental footprint of oil sands

  5. Bringing together scientists and businessmen • Different languages • Different priorities • Different views Not much patience and time to build up productive synergies. There is a missing link, someone that speaks fluently to both worlds and is able conciliate the differences. Research Centers and Specialized Consultancy

  6. The final goal

  7. Integrated workflow

  8. Universities Research Institutes or Specialized Consultancy Fundamental research Industry General framework and integrated workflows Applications

  9. Multidisciplinary collaboration

  10. The potential of Romania in Oil & Gas business • Enhance Oil Recovery (EOR) (chemical, gas injection and thermal) • Big potential in Romania due to the existent mature fields • Heavy Oil – Steam Assisted Gravity Drainage (in the North part of Romania) • CO2 injection related with the Carbone Capture and Storage (CCS) (in the South part of Romania)

  11. Exporting the ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance, 2011, Mark C. Thurber et al, Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305, USA. • http://www.imf.org/external/pubs/ft/survey/so/2008/pol070908a.htm Norway's Oil Fund Shows the Way for Wealth Funds. • “The future of Carbon Capture and Storage in Europe” – Public Communications • www.statoil.com and corporate strategy presentations.

  12. Thank you Power Summit 2013 Remus Hanea Crossing Energy frontiers rhane@statoil.com, phone: +4746836687 www.statoil.com

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