Perspectives for the Norwegian continental shelfJan Rosnes, VP Projects and strategy
Pareto presentation 29. August
Pareto presentation 29. August 2
From oil and gas to money to more money
Norges Bank - NBIM
Yearly SDFIcash flow
~100 bill. NOK
6
19
24
256
62
60
T rondheim
Kristiansund
Ber genOslo
Stavanger
Harstad
5
5
1 23
4
10987
15 16 17 18
26 27
32
31
29
3433 35
62026203
6204
36
67
65
42
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
12
6
19
24
256
62
60
58
T rondheim
Kristiansund
Ber genOslo
Stavanger
Harstad
5
5
1 23
4
1110987
15 16 17 18
26 27
32
31
29
3433 35
62026203
62046205
36
70
14
12
10
8
20 22
24
26
28 30
18 16
32
72
74
7120
7122
67
65
6
42
Pareto presentation 29. August 4
Two thoughts at the same time
Source: NPD
Pro
du
ksjo
nExplora-
tionDevelop-
mentPlateau Mature Tail-end
0-20% 21-50% 51-95% 96-100%
Trol
l gas
sVi
sund
G
jøa
Statfjord Nord
Heidrun
Kristin 72%
Ormen LangeSnøhvit 16 %
Åsgard
Statfjord øst
Oseberg
Tune
Ekofisk 88%Gullfaks
Grane
Kvitebjørn Snorre 80%Vigdis 83%
Tordis Draugen
Norne
Troll olje Veslefrikk
New discoveries in new areas
Make the mostof mature areas
Pareto presentation 29. August 5
Production level hinges on major fields
Time 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
30% 35%
35 %
30%35%
35%
North Sea Norwegian Sea Barents Sea
35%
35%
30%
Total: 3.4 billion Sm3 oe
Pareto presentation 29. August 8
• Norwegian Sea
• West of Lofoten
• Barents Sea North
• Eastern Barents Sea
• Jan Mayen
• Skagerrak
?
?
?
?
?
In addition to the estimated undiscovered resources; there is also a potential in other regions
Pareto presentation 29. August 9
Two thoughts at the same timePro
du
ksjo
n
Exploration Develop-ment
Plateau Mature Tail-end
0-20% 21-50% 51-95% 96-100%
Trol
l gas
s
Visu
ndGjø
aStatfjord Nord
Heidrun
Kristin
Ormen LangeSnøhvit
Åsgard
Statfjord øst
Oseberg
Tune
EkofiskGullfaks
Grane
Kvitebjørn SnorreVigdis
TordisDraugen
Norne
Troll oljeVeslefrikk
New discoveries in new areas
(Petoro focus: Norwegian sea, Barents sea)
Make the mostof mature areas
(Petoro focus: Tampen, Oseberg, Troll,Haltenbanken)
Year 2015
Pareto presentation 29. August 10
Diversity still important for NCS
= 82 % av produksjon
}
Kilde: Econ
Petoro
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
12
6
19
24
256
62
60
58
T rondheim
Kristiansund
Ber genOslo
Stavanger
Harstad
5
5
1 23
4
1110987
15 16 17 18
26 27
32
31
29
3433 35
62026203
62046205
36
70
14
12
10
8
20 22
24
26
28 30
18 16
32
72
74
7120
7122
67
65
6
42
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