1 / 12

Pareto presentation 29. August

Pareto presentation 29. August. Perspectives for the Norwegian continental shelf Jan Rosnes, VP Projects and strategy. From oil and gas to money to more money. Norges Bank - NBIM. Yearly SDFI cash flow ~100 bill. NOK. Overview key subjects on NCS. High oil price

sylvia
Download Presentation

Pareto presentation 29. August

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Pareto presentation 29. August Perspectives for the Norwegian continental shelf Jan Rosnes, VP Projects and strategy

  2. From oil and gas to money to more money Norges Bank - NBIM Yearly SDFI cash flow ~100 bill. NOK Pareto presentation 29. August

  3. Overview key subjects on NCS • High oil price • opportunity and challenge • Production and reserve replacement • two thoughts at the same time • Structural changes • diversity required • Climate change • increased environmental attention • Competence • development, education, recruitment Pareto presentation 29. August

  4. Troll gass Visund Gjøa Make the most of mature areas New discoveries in new areas Snøhvit 16 % Produksjon Ormen Lange Åsgard Heidrun Grane Kristin 72% Kvitebjørn Snorre 80% Vigdis 83% Oseberg Ekofisk 88% Gullfaks Statfjord Nord Norne Tune Tordis Statfjord øst Draugen Troll olje Veslefrikk Explora-tion Develop-ment Plateau Mature Tail-end 0-20% 21-50% 51-95% 96-100% Two thoughts at the same time Source: NPD Pareto presentation 29. August

  5. Production level hinges on major fieldsTime critical to maximize value from these fields and surrounding areas Source: NPD/MPE Pareto presentation 29. August

  6. Existing large fields dominate NCS for the next decade Both on capital and operational expenditure Kilder: OLF, McKinsey Pareto presentation 29. August

  7. Undiscovered resources - two important focus areas Total: 3.4 billion Sm3 oe 30% 30% 35% 35% 30% 35% 35% 35% 35 % Pareto presentation 29. August

  8. ? ? ? ? ? In addition to the estimated undiscovered resources; there is also a potential in other regions • Norwegian Sea • West of Lofoten • Barents Sea North • Eastern Barents Sea • Jan Mayen • Skagerrak Pareto presentation 29. August

  9. Two thoughts at the same time Troll gass Visund Gjøa Make the most of mature areas (Petoro focus: Tampen, Oseberg, Troll, Haltenbanken) New discoveries in new areas (Petoro focus: Norwegian sea, Barents sea) Snøhvit Ormen Lange Åsgard Produksjon Heidrun Grane Kristin Kvitebjørn Snorre Vigdis Oseberg Ekofisk Gullfaks Statfjord Nord Norne Tune Tordis Statfjord øst Draugen Troll olje Veslefrikk Year 2015 Exploration Develop-ment Plateau Mature Tail-end 0-20% 21-50% 51-95% 96-100% Pareto presentation 29. August

  10. } = 82 % av produksjon Petoro Kilde: Econ Diversity still important for NCS Pareto presentation 29. August

  11. Newcomers contributes to diversity ….. but mainly for exploration in mature areas Source: St.prp.60 (2006-2007 Pareto presentation 29. August

  12. Overview key subjects on NCS • High oil price • opportunity and challenge • Production and reserve replacement • two thoughts at the same time • Structural changes • diversity required • Climate change • increased environmental attention • Competence • development, education, recruitment Pareto presentation 29. August

More Related