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Copyright: Shell Brands International AG 2008                                       4/27/2010




                     What s
                     What’s next for Ireland’s engineers?
                                     Ireland s

                          Challenges and opportunities in the energy sector
                                 g        pp                      gy



                     Terry Nolan, Managing Director, Shell E&P Ireland




                                                Engineers Ireland Conference 2010
Challenges and Opportunities in the Energy
Sector
• Shell International – company profile
• Global energy trends
• Ireland’s energy challenges
  Ireland s
• Corrib Project Update - Video
• Opportunities for Ireland’s engineers
Royal Dutch Shell Profile

•    Active in more than 100 countries
•    102,000 employees
•    23,000 engineers
•    3.2 million barrels of oil equivalent per day
•    $28bn net capital investment in 2010
Global Energy Future

  Three Hard Truths
• Energy demand is surging
• Supplies will struggle to keep pace
• Environmental stresses are increasing
The World’s Energy Challenge

RISING GLOBAL ENERGY DEMAND                        CHANGING ENERGY MIX
100 = global primary energy demand 2000            Million barrels oil equivalent per day
300
                                                  400
                                           high


                                                  300
                                           low
200
                            high
                            low                   200

100
                                                  100


     0
                                                   0
                    2000   2025*          2050*                      2000                           2025*
                                                              Coal            Gas           Large Scale Hydro
                                                              Oil             Nuclear       Alternative Energy


* Shell estimates
Ireland’s Energy Challenge

• Security of supply
   • Reduced dependency on imports (92% at present)
• Low-carbon economy
   • Meeting Kyoto 2020 targets and beyond
• Competitive pricing
   • Essential for long-term economic development
Ireland’s Energy Challenge – what’s
 needed
• Faster development of Ireland’s energy resources
• More oil and gas exploration offshore Ireland
• Investment in energy infrastructure
• Further shift to natural gas and renewables from coal and oil
• Efficient and transparent regulatory framework
Deep Offshore - Hydrocarbon Potential?

                                                                                                    Northern

              Hatton
                                                                      Aberdeen
                                                                                                   North Sea

               Basin



    Rockall
      High                                                                                                Dublin

                                             Corrib
                                               Corrib
                       Rockall                  Irish Mainland
                                                                                 Galway



                       Trough                           Platform

                                 Porcupine
                                                                                          Fasnet          Kinsale
                                      High
                                                                                           Basin



                                                                   Porcupine
                                                                         Basin
Pushing the boundaries




Shell Exploration Offshore Ireland   Shell Perdido – Gulf of Mexico
Drilling 1720 metres water-depth     Producing in 2450 metres water-depth
Ireland’s Energy Challenge – what’s
 needed
• Faster development of Ireland’s energy resources
• More oil and gas exploration offshore Ireland
• Investment in energy infrastructure
• Further shift to natural gas and renewables from coal and oil
• Efficient and transparent regulatory framework
Shell in Ireland
Corrib Gas Video
Opportunities for Ireland’s engineers

• Ireland’s energy challenges bring many opportunities
   • Energy infrastructure and utilities
   • Technologies for energy conservation and efficiency
   • Hydrocarbon exploration and development
   • Renewables

• E i i skills (
  Engineering kill (e.g. civil, mechanical, electricall and
                          i il     h i l l ti             d
  project management) a prerequisite to meeting our energy
  challenges
Opportunities for Ireland’s engineers

• Many integration opportunities between renewables and
  oil/gas developments
   • Offshore and structural engineering
   • Regulatory planning and environmental management

• Critical mass required to create world-class service industry
  in energy sector
           gy
   • Example - Aberdeen now providing worldwide offshore engineering services

• Can we re create this in Ireland?
         re-create
Summary

• Ireland’s energy sector faces huge challenges
• Corrib Gas delivery is critical to Ireland’s energy supply
• Faster development of Ireland’s energy resources and
                 p                    gy
  infrastructure is needed
• Energy challenges will p
      gy        g        provide g
                                 great opportunities for Ireland’s
                                        pp
  engineers
Terry Nolan

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Terry Nolan

  • 1. Copyright: Shell Brands International AG 2008 4/27/2010 What s What’s next for Ireland’s engineers? Ireland s Challenges and opportunities in the energy sector g pp gy Terry Nolan, Managing Director, Shell E&P Ireland Engineers Ireland Conference 2010
  • 2. Challenges and Opportunities in the Energy Sector • Shell International – company profile • Global energy trends • Ireland’s energy challenges Ireland s • Corrib Project Update - Video • Opportunities for Ireland’s engineers
  • 3. Royal Dutch Shell Profile • Active in more than 100 countries • 102,000 employees • 23,000 engineers • 3.2 million barrels of oil equivalent per day • $28bn net capital investment in 2010
  • 4. Global Energy Future Three Hard Truths • Energy demand is surging • Supplies will struggle to keep pace • Environmental stresses are increasing
  • 5. The World’s Energy Challenge RISING GLOBAL ENERGY DEMAND CHANGING ENERGY MIX 100 = global primary energy demand 2000 Million barrels oil equivalent per day 300 400 high 300 low 200 high low 200 100 100 0 0 2000 2025* 2050* 2000 2025* Coal Gas Large Scale Hydro Oil Nuclear Alternative Energy * Shell estimates
  • 6. Ireland’s Energy Challenge • Security of supply • Reduced dependency on imports (92% at present) • Low-carbon economy • Meeting Kyoto 2020 targets and beyond • Competitive pricing • Essential for long-term economic development
  • 7. Ireland’s Energy Challenge – what’s needed • Faster development of Ireland’s energy resources • More oil and gas exploration offshore Ireland • Investment in energy infrastructure • Further shift to natural gas and renewables from coal and oil • Efficient and transparent regulatory framework
  • 8. Deep Offshore - Hydrocarbon Potential? Northern Hatton Aberdeen North Sea Basin Rockall High Dublin Corrib Corrib Rockall Irish Mainland Galway Trough Platform Porcupine Fasnet Kinsale High Basin Porcupine Basin
  • 9. Pushing the boundaries Shell Exploration Offshore Ireland Shell Perdido – Gulf of Mexico Drilling 1720 metres water-depth Producing in 2450 metres water-depth
  • 10. Ireland’s Energy Challenge – what’s needed • Faster development of Ireland’s energy resources • More oil and gas exploration offshore Ireland • Investment in energy infrastructure • Further shift to natural gas and renewables from coal and oil • Efficient and transparent regulatory framework
  • 12. Opportunities for Ireland’s engineers • Ireland’s energy challenges bring many opportunities • Energy infrastructure and utilities • Technologies for energy conservation and efficiency • Hydrocarbon exploration and development • Renewables • E i i skills ( Engineering kill (e.g. civil, mechanical, electricall and i il h i l l ti d project management) a prerequisite to meeting our energy challenges
  • 13. Opportunities for Ireland’s engineers • Many integration opportunities between renewables and oil/gas developments • Offshore and structural engineering • Regulatory planning and environmental management • Critical mass required to create world-class service industry in energy sector gy • Example - Aberdeen now providing worldwide offshore engineering services • Can we re create this in Ireland? re-create
  • 14. Summary • Ireland’s energy sector faces huge challenges • Corrib Gas delivery is critical to Ireland’s energy supply • Faster development of Ireland’s energy resources and p gy infrastructure is needed • Energy challenges will p gy g provide g great opportunities for Ireland’s pp engineers