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NOT AN OFFICIAL UNCTAD RECORD. 9 th Africa Oil & Gas, Trade & Finance Conference and Showcase. The Role of an Integrated Energy Company in the Development of the Oil and Energy Sector in Southern Africa. Lukoki Sebastiao Deputy General Manager Hydro Oil & Energy, Angola BU.
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NOT AN OFFICIAL UNCTAD RECORD 9th Africa Oil & Gas, Trade & Finance Conference and Showcase The Role of an Integrated Energy Company in the Development of the Oil and Energy Sector in Southern Africa Lukoki Sebastiao Deputy General Manager Hydro Oil & Energy, Angola BU
We have a rich heritage … Kristian Birkeland and Sam Eyde Rjukan Waterfalls – our first giant project Fertilizer for the international market First class project execution – from day 1
… and many professional achievements today Grane Platform – 2003 Renault safety awards – 2003 Energy saving façades – Académie Mont-Cernis, Herne CAVE reservoir technology
Resource management builds on our mission Hydro creates a more viable society by developing natural resources and products in innovative and efficient ways
Hydro – A Partner for a building a Viable Society Our Powerstations Havøygavlen SKS Produksjon AS Tyin Fortun Neverdalsåga Rjukan Utsira Svelgfoss Vrangfoss Eidsfoss Røldal-Suldal Skafså
Norwegian oil and gas history - A success story, …. First concession round : 1965 First exploration well : 1966 First discovery : 1967 First oil : 1971 Producing fields : 48 Current production (boe/d) : 4 500 000 World net oil exporter : 3 Latest local content (%) : 70 Total number of employees : 76 000 Oil industry part of GNP (%) : 19
Hydro – A Partner for a building a Viable Society Hydro is Operator for 900,000 bbl/d in Norway FRAM WEST GRANE NJORD OSEBERG Ø TROLL B TROLL C TUNE OSEBERG C OSEBERG ABD VALE OSEBERG S Operator for above 900 kboe/day from 15 installations HEIMDAL BRAGE
Ormen Lange – Utilisation of all our skills Onshore Langeled Offshore Total investments: NOK 66 billion Production start: October 2007
Community development Nyhamna, April 24th 2005
Our Global Network Sales (downstream) Production and Sales
Unlocking the energy potential of the world Revenue People Technology
Large Energy Potential in Africa • Increase Recovery Factor from Oil Fields Sub Sahara • From 37%1) – 50% will add 32,000 mmbbl of reserves
Large Energy Potential in Africa • Gas potential Region Gas (Tcf) West Africa: > 300 Southern: > 20 East / Central > 60 • All gas found by ’accident’ in oil exploration • Resource figures highly uncertain • Majority of associated gas being flared • Policy: gas flaring to stop this decade • Nigeria alone: 1/6 of global gas flaring • Constraints: • Investment capital • Markets • Technological and institutional capacity
Large Energy Potential in Africa • Hydro Electric Power potential Region Hydropower (TWh/year) West Africa: > 650 Southern: > 120 East / Central > 265 • Less than 7% of economic HP potential has been developed • Constraints: • Investment capital • Markets • Technological and institutional capacity
Host nation perspective Revenue People Technology
Joint Operating Organisation Asset Manager Exploration Manager Drilling Manager Development Manager Development of Sonangol P&P to become an independent and competitive Oil Operating Company Advisory Role MTT Program Asset Manager Exploration Manager Drilling Manager Development Manager Our model in Angola Board of Sonangol P&P Organisation adapted to S P&P and the asset needs
Capturing opportunities together 51484_1 • Hydro Media • 09.2004 • 19