The November Conference - 2014 Fabiano Lobato Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
2 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
3 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Strategic Direction Attractive outlook for upstream oil and gas Upstream focused company adding value through selective midstream positions Technology increasingly important for access, value creation and growth Continue to leverage and further develop technology positions Safe and sustainable performance a competitive advantage Position as industry leader in HSE and carbon efficiency 4 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Putting the technology strategy to work What it takes from us? Tougher prioritisation Closer collaboration Faster and broad implementation 5 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Statoil s Research & Development Canada Calgary St John s Norway Trondheim Bergen Porsgrunn Kårstø USA Houston Austin China Beijing Brasil Rio About 750 employees from differents nationalities Around 50% of research spending is external (universities, vendors and R&D institutes) Approx. 500 musd in R&D per year 6 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
The Peregrino field Largest Statoil operated offshore field outside Norway Heavy oil 14 API; high viscosity Capacity of 100,000 bbl/d Delivered on time and cost 4 billion barrels of oil in place 7 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Statoil Brazil - Growing a local organization Offices in Rio de Janeiro and Niterói with more than 250 employees 800 offshore contractors Operator for the Peregrino Field in the Campos Basin 8 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Research Centre Rio Strategic context Corporate strategy Expand in uncon Portfolio management High value growth Revitalise NCS A superior gas position Corporate technology strategy Leading in seismic imaging and interpretation Pushing reservoir characterisation and recovery to the next level Step change in wellconstruction efficiency Taking subsea longer, deeper and colder A technology focused upstream company Leading exploration company New offshore business clusters R&D Brazil strategy Business cluster 1% R&D obligation Support Global RDI 5 strategic focus areas
R&D Focus Areas Based on Statoil business needs and the capabilities and technology opportunities in Brazil Carbonate Reservoirs Better understanding in carbonate exploration, reservoir characterization and production Increased Oil Recovery Maximize oil recovery from heavy oil and mature fields Subsea Technology Deep water factory CO2 Management Air emissions control in heavy oil production CCS envisioning pre-salt challenges Special Projects Industrial development Local Content Educational Program (YourKnowledge.com.br) 10 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Value creation through collaboration Statoil Brazil Statoil Reseach & Development Research Centre Rio 11 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
IOR/EOR Value creation Increase oil recovery factor in Peregrino ( >30%) Gain competitiveness in increased recovery from mature fields Topics on-going Artificial lift, Polymer flooding, Multi-Lateral wells, Autonomous inflow control devices (AICD), Extended reach wells (ERW) 12 12 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Concluding remarks Statoil is a technology driven operator where there is a clear ambition for achieving high recovery; Statoil s Research Centre Rio plays an important role in combing the competence in Statoil with the Brazilian s Universities; IOR is an important focus area in Statoil s R&D strategy in Brazil; IOR technologies = great business! 13 13 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers
Fabiano Lobato Head of Research Centre Rio faga@statoil.com www.statoil.com 14 - Copyright Statoil August 2014 Corporate presentation: Crossing energy frontiers