Natural Gas Exploration and Production Technologies Helge Lund, President & CEO Nina Capital Udnes Markets Tronstad, UpdateExecutive Vice President 8 June 2005 UN Symposium on Sustainable Development Doha, 6-8 February 2006
Operations in 30 countries Short on history long on achievements 2 Established in 1972 Partially privatised in 2001 24,000 employees in 30 countriess Production 1.1 mboepdmboepd Reserves: 4.3 bn bbloe Operating 2.7 mmboepd of Norway's production World s 3 rd largest crude oil seller Marketing 2/3 of Norway's gas volumes World s 2 nd largest subsea operator Mexico USA Venezuela Brazil Denmark UK Ireland Belgium France Algeria Norway Sweden Nigeria Libya Angola Estonia Latvia Russia Lithuania Poland Kazakhstan Germany Azerbaijan Turkey Iran Islamic Republic of Iran Jordan Qatar Saudi Arabia United Arab Emirates Singapore China
We do not compromise on health, safety or the environment (HSE) 3 LEADERSHIP INTER- ACTION SAFE BEHAVIOUR TECHNICAL CONDITIONS COMPETENCE PROCEDURES
4 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
5 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
6 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
World class on IOR Bold ambitions huge values 7 Advanced wells and costefficient infill drilling Reservoir modelling Water and gas injection 4D seismic Produced water management CO2 injection for IOR planned
8 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
9 Multiphase transportation systems Liquid/gas ratio (bbls/mmscfd) 70 Malampaya Industrial frontier 60 50 Popeye East Spar Mikkel Goldeneye Snøhvit 40 North Alexandra 30 Midgard Snøhvit 20 Western Hub 10 Poseidon TOGI Troll West delta Corrib Mensa 50 100 150 Transport distance (km)
10 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
11 Pipeline competence as prerequisite to Success 1970s and 80s 2000 Technology Project Execution 2005...
12 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
Environmental Technology a tool to meet new challenges 13 Environmental impact factor (EIF) a new decision tool Produced water cleaning tecnologies C-Tour and Epcon No flaring best practice established Chemical management
14 Technology as a key enabler Business driven development and utilisation Technology focus areas Exploration technology Flow assurance Offshore sub-ice Light well intervention Reservoir management Subsea field development Gas chain technologies Environmental technologies Preparing for a carbon constrained future Statoil new energy Deeper water Subsea separation Subsea wet gas compression
15 From policies to action on CO 2 CO 2 storage Record low CO 2 emissions Sleipner Snøhvit Kvitebjørn Record energy efficiency In Salah Tjeldbergodden
Natural Gas Exploration and Production Technologies Concluding remarks: Helge Lund, President & CEO Capital -Optimistic Markets Update for large new gas discoveries 8 June -Technology 2005 will solve environmental challenges -A sustainable commitment to future generations