Norskehavet og nordover selfie med Statoil Siri Espedal Kindem, Områdedirektør Drift Nord Classification: Open 16 november 20 Statoil ASA
Reinforced safety focus needed Serious incident frequency, October 2016 Frequency of incidents with actual and/or potential serious consequences Statoil and contractors 2,2 1,9 1,4 1,1 1 0,8 0,6 0,6 0,8 2008 2009 2010 2011 2012 2013 2014 2015 October 2016 2 Classification: Open 16 november 2016 Statoil ASA
Adapting to realities 120 Still a volatile market Oil price USD/bbl, 2014 Global production declines Climate is changing 100 80 60 40 20 2014 2015 2016 3 Classification: Open 16 november 2016 Statoil ASA
NCS roadmap 2030 Profitable and sustainable production at today s level until 2030 and beyond Resources in fields Resources in discoveries Undiscovered resources 4 Classification: Open 16 november 2016 Statoil ASA
Operations North Sustainable and balanced improvements 5 Classification: Open 16 november 2016 Statoil ASA
Safe, efficient and sustainable operation Heidrun In production since 1995 PDO reserves estimate ~ 790 million boe Total production so far ~ 1 billion boe Increasing production after 20 years in operation Major improvement in drilling and well Host for Maria and Dvalin 6 Classification: Open 16 november 2016 Statoil ASA
Safe, efficient and sustainable operation Åsgard In production since 1999 Daily production 350.000 boe and > 2,3 million boe produced since start-up Åsgard subsea compression 306 million boe more from the Mikkel and Morvin reservoirs 97% regularity Åsgard A lifetime extension Trestakk tie in 7 Classification: Open 16 november 2016 Statoil ASA
Safe, efficient and sustainable operation Njord Production start 1997, initial lifetime - 2013 Reinforcement and renovation at the Kværner site at Stord Successful decommissioning summer 2016 - no incidents and significant cost reduction On field again in 2020 for at least 10 new years Remaining volumes Njord and Snilehorn > Gina Krog Selected host for Pil 8 Classification: Open 16 november 2016 Statoil ASA
Safe, efficient and sustainable operation Norne Production start 1997, initial lifetime - 2014 PDO volume 455 mboe The main field has already produced 560 million boe 745 million boe - total production so far over the Norne installation from Alve, Marulk, Norne, Skuld and Urd Increased recovery focus remaining resources may be around 250 million boe in the Norne area Norne 2030 Lifetime extension project Cape Vulture 9 Classification: Open 16 november 2016 Statoil ASA
The oil and gas future in the north Johan Castberg Goliat Safe, efficient and profitable operations Melkøya Low carbon Harstad Collaboration and co-existence Åsgard Aasta Hansteen Norne Skarv Heidrun Brønnøysund Sandnessjøen 18 Carbon efficiency CO 2 intensity 17 18 Statoil Industry average Kristin Draugen Njord Ormen Lange Kristiansund Tjeldbergodden Trondheim Stjørdal 9 10 11 10 9 Gas pipeline Oil pipeline Oil Gas Oil w/gas Statoil operator Statoil partner Other leases 2012 2013 2014 2015 2020 target 10 Classification: Open 16 november 2016 Statoil ASA
Siri Espedal Kindem Senior Vice President Operations North www.statoil.com Statoil ASA 11 Classification: Open 16 november 2016 Statoil ASA This presentation, including the contents and arrangement of the contents of each individual page or the collection of the pages, are owned by Statoil. Copyright to all material including, but not limited to, written material, photographs, drawings, images, tables and data remains the property of Statoil. All rights reserved. Any other kind of use, reproduction, translation, adaption, arrangement, any other alteration, distribution or storage of this presentation, in whole or in part, without the prior written permission of Statoil is prohibited. The information contained in this presentation may not be accurate, up to date or applicable to the circumstances of any particular case, despite our efforts. Statoil cannot accept any liability for any inaccuracies or omissions.