Marketplace and Quality Assurance Presentation - Vincent Chirchir
Statoil's Arctic Plans - Going North Step by Step
1. Going north – step by step
Erik Haaland, Arctic Unit
BI alumni - Stavanger- 25 October 2012 Classification: Internal 2012-10-18
2. Objectives and agenda
• Why oil and gas from the Arctic?
• What is the Arctic?
• What is Statoil’s history and future plans?
• Why is Statoil in the Arctic?
• What lies ahead?
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3. Increased demand for oil and gas
Global oil demand Global gas demand
ex bio fuels, mbd 1000 bcm
120 6
International bunkers Other non-OECD 1.6% CAGR
Other non-OECD Non-OECD Asia
0.4% CAGR
100 Non-OECD Asia 5 OECD
OECD
80 4
60 3
40 2
20 1
0 0
1990 2000 2010 2020 2030 2040 1990 2000 2010 2020 2030 2040
Source: International Energy Agency (history), Statoil (projections)
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4. A diverse set of stakeholders and issues
Stakeholders
• Indigenous peoples
• Regulatory bodies
• NGOs
Co-existence
• Environment
• Subsistence hunting
• Fishing
Photo: Stanley Morgan, 1935/Wikimedia
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5. There is not just one Arctic
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6. Phase 3
A stepwise approach
• First discovery on the Norwegian Continental Shelf in 1969
• Industry – and Statoil – has moved step by step
northwards
Phase 2
− Understanding each area before large-scale
activity
− Maturing technology and competence
• This approach still applies for the potential opening
of new areas
Phase 1
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7. 2011- the direction has been set Discovery at
Skrugard / Havis
Management plan for White paper on White paper on the
the Barents Sea and petroleum activities High North
Lofoten
Discovery at
Johan Sverdrup
Ratification of the border
between Norway and Russia
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8. Goliat
Skrugard/Havis
2012 and the way further north
Snøhvit
• Increased activity in the north on the NCS
• Aasta Hansteen, Norne extended life, Skarv
• Goliat, Skrugard/Havis Aasta
Hansteen
• Opening of the former disputed zone in the
Barents Sea
• 22nd Norwegian licence round Norne
• Knowledge gathering for Lofoten and
Vesterålen – and the road ahead? Skarv
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9. Industry is stepping up activity
• Rosneft signing deals
with ExxonMobil, ENI
Okhotsk Sea
and Statoil
Chukchi Sea
• Exploration offshore
Beaufort Sea West Greenland
• Exploration in
Chukchi and Beaufort
Russian Barents Seas
Sea
• Discoveries in
Norwegian Barents
Norwegian
Barents Sea
Sea
Newfoundland
Industry activity 2011/2012
Statoil positions
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10. Development takes time
Barents Sea The Snøhvit Snøhvit Snøhvit
opened for field is Technology development approved start-up
exploration discovered
1980 1981 2002 2007
The Snøhvit example
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11. It’s not easy • Oil spill response
• Cold and dark
• Distance and logistics
• Ice
= cost
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12. Learn, collaborate and share
• The industry needs to focus on learning and understanding the Arctic
• Collaboration will be essential to solve the technological and operational
challenges
• A focus on shared value with the communities is important
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13. Going north – step by step
Erik Haaland
Arctic Communications Manager
Arctic Unit
www.statoil.com
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