Arctic the final frontier

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By Tim Dodoson, Executive vice president, Exploration, Statoil

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Arctic the final frontier

  1. 1. Arctic: The Final frontierTim Dodson, EVP Exploration
  2. 2. Huge oil and gas potential in the ArcticMeeting the future demand• Vast sedimentary basins• Around 20% of the world’s YTF conventional oil and gas*• Some of the least explored Greenland/E. East Barents basins on Earth Canada ~60 Bboe ~52 Bboe * US Geological Survey estimates 2008
  3. 3. Broadening presence across the Arctic Sea of Okhotsk, Chukchi Sea, Russia Alaska, USA Maximum ice cover 2011-2012Beaufort Sea,Canada Barents Sea, Russia Newfoundland & Labrador, Canada Development project Production Exploration Barents Sea, West Greenland Norway
  4. 4. Barents Sea exploration 2013An extensive year-round drilling campaign in the Barents Sea Atlantis Apollo*Skrugard area• Growth exploration to prove additional Wisting resources KramsnøHoop area Nunatak• Frontier exploration Skrugard Skavl Iskrystall HavisHammerfest Basin Ensis• Growth exploration close to existing Snøhv it Goliat discoveries Askepott Discoveries 2011/2012 Planned Statoil operated wells Statoil operated licenses Partner operated licenses Other licenses Planned non-operated wells 2013 planned Statoil drilling activity * Appraisal drilling planned in case of a discovery4
  5. 5. RussiaPerseevsky and Okhotsk licenses• Joint Venture in 4 offshore exploration licenses• Early access at scale• Good progress in negotiations5
  6. 6. CanadaOffshore Newfoundland• 3D seismic over 2 new leases in the Flemish Pass area Margaree Cupids• Secured Seadrill’s West Aquarius deepwater drilling rig Harpoon• 3 well drilling program starting late 2012 Federation
  7. 7. North American Arctic Amundsen• Strong partnerships Devil’s Paw• 3D seismic in partner operated block in the Beaufort Sea Statoil operated leases Statoil non operated• Maturing our portfolio for later ALASKA leases – active (MMA) drilling in Alaska 3D Seismic program Statoil operated wells Non-operated wells Source: IHS
  8. 8. West Greenland• Three blocks in the Baffin Bay area• 3D seismic in Anu and Napu blocks• Drilling or drop decision in Pitu block in 20138

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