A collaborative approach to the Arctic
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Arctic development challenges - partnerships among industry & governments. Tim Dodson, Executive Vice President Exploration Statoil ASA, Norway
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This document discusses carbon capture and storage (CCS) opportunities in the Nordic countries. It finds that the Nordic countries could collectively store 59% of Europe's potential CCS capacity. Norway in particular has significant potential storage in saline aquifers and depleted oil/gas fields. The document also analyzes the costs of CCS implementation and identifies industrial clustering and natural gas sweetening as particularly viable early applications of CCS in the Nordics. It calls for regional cooperation on CCS to reduce costs through economies of scale.
Annual Results Presentation
- Premier reported strong 2013 annual results with cash flows of $833 million, up from $808 million in 2012. Cash on hand was $449 million.
- Production for 2013 was 57.7 thousand barrels of oil equivalent per day, up from 58.2 thousand in 2012.
- Six discoveries were made from seven exploration wells drilled in 2013, adding 40 million barrels of oil equivalent of resources.
- The company will focus investments on high-return projects while maintaining a strong balance sheet and reducing capital exposure to the Sea Lion project off the Falkland Islands.
Annual results presentation14
- Premier reported strong 2013 annual results with cash flows of $833 million, up from $808 million in 2012. Cash on hand was $449 million.
- Production for 2013 was 57.7 thousand barrels of oil equivalent per day, up from 58.2 thousand in 2012.
- The company expects to sanction the Catcher development in 2014 and for Solan to come online late 2014. Exploration successes included discoveries in Norway, Indonesia and the Falklands.
- Premier will focus investments on highest return projects while maintaining a strong balance sheet and reducing capital exposure to the Sea Lion project.
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Technology will unlock the far north
The document discusses Statoil's technology for unlocking operations in the Arctic. It highlights the need to develop Arctic-specific technology for safe and sustainable operations in harsh environments, including drilling units for ice conditions, subsea factories, and innovations for emergency preparedness, oil spill response, and evacuation. Statoil's executive vice president encourages learning from industry cooperation and developing new technology to cross energy frontiers and unlock the potential of the far north.
Challenge - Going North
The document discusses challenges and requirements for designing an evacuation, escape, and rescue (EER) system for offshore installations in the Arctic. Key points include:
1. The EER system must safely transport people away from emergencies and to a refuge area, protecting them from hazards like fire, gas, ice, waves, and slippery conditions.
2. The evacuation craft must be accessible to all 150 people onboard and launched in various conditions including open water, waves, ice, and darkness.
3. The launching mechanism for evacuation crafts must work at a 15 degree tilt and clear the installation without endangering people.
4. Solutions are needed to rescue people from evacuation crafts to waiting
Ons 2012 unlocking the resources of the north - runi
Statoil aims to play a key role in developing Arctic energy resources in a sustainable manner. It has steadily built Arctic competence through projects in Alaska, Canada, Greenland, and Russia. Statoil recognizes that technology is crucial to developing Arctic resources and that international collaboration is essential given the challenges of the region. Statoil believes the Arctic will be an important source of future energy and is well positioned in key basins like the Barents Sea.
Communication between installations
Statoil is seeking innovative IT solutions from companies and individuals to address challenges around collaboration across business locations, mobility of people and data, and managing increasing amounts of data. Specifically, they are interested in ideas that enable seamless 3D collaboration, use of social software to connect expertise globally, better visualization of subsurface models, utilizing their high-speed WAN, wireless tracking of personnel offshore, making data rapidly available in new locations, and ensuring global availability of huge data sets across locations. Interested parties are invited to submit their ideas to Statoil Innovate.
It challenge
Statoil is looking for new IT solutions to address challenges related to mobility, collaboration, speed of deployment, technical complexity, and data management. Examples of challenges include developing mobile apps to guide offshore workers, enabling global experts to collaborate on 3D models in real-time, rapidly deploying new high performance computing technologies, and efficiently searching and sharing large amounts of georeferenced data across multiple business locations. Statoil is interested in innovative ideas from startups and encourages submissions to their idea@statoil.com email address.
Gas hydrates challenge
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Plug & Abandonment
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A collaborative approach to the Arctic
- 1. SP02 – Arctic development challenges - partnerships among industry & governments Tim Dodson Statoil ASA, Norway A collaborative approach to the Arctic Executive Vice President Exploration Moscow, Russia | 15-19 June, 2014
- 2. Moscow, Russia | 15-19 June, 2014 Stretch ArcticWorkable Arctic Extreme Arctic • Requirement for incremental innovation and technology development • For example North West Greenland • Oil & gas activities possible with today’s technologies • For example Southern Barents Sea and East Coast Canada • Requirement for radical innovation and technology development • For example North East Greenland There is not one Arctic
- 3. Moscow, Russia | 15-19 June, 2014 Statoil positions Newfoundland Norwegian Barents Sea Russian Barents Sea Okhotsk Sea Chukchi Sea West Greenland East Greenland Statoil well positioned in the Arctic
- 4. Moscow, Russia | 15-19 June, 2014 Climatic conditions Health and safety Environment Remoteness Safe and sustainable operations The Arctic challenges
- 5. Moscow, Russia | 15-19 June, 2014 Licence to operate Trust is the new currency. Society is expecting more transparency from our industry Innovation We need more innovative technology and business models to succeed in the Arctic Collaboration Nobody can survive alone in the Arctic How to succeed in the Arctic
- 6. Moscow, Russia | 15-19 June, 2014 • 10 companies • Aim to further build on existing research • Improve the technologies and methodologies • Cat-I rig concept • Statoil and suppliers working together • Combining operational experience, supplier knowledge and R&D • 33 companies join forces for seismic acquisition • Reduces cost and impact • Statoil operator Creating value through collaboration
- 7. Moscow, Russia | 15-19 June, 2014 There is not just one Arctic Collaboration is key to manage cost and risk Licence to operate is imperative