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Petroleum Development and ProductionNunavut Petroleum WorkshopOct-2012

Geir Utskot

Arctic Manager


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Overview

Arctic resources

Forecasted activity 2012 to 2017

Existing Arctic DevelopmentsWhat does this mean in our part of the world?

Some Discovery to Production timelines

Some new technologiesThe northern sea routes

Summary

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Arctic Resources

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Statoil

2009


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Forecasted offshore activity 2012 to 2017

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Wells per region & type 2012 2013 2014 2015 2016 2017 Total # of wells

NAM Exploration 4 6 12 10 12 14 58

NAM Development 0 0 0 0 0 0 0

Norway Exploration 8 8 10 10 10 10 56

Norway Development 3 12 17 17 25 28 102

Russia Exploration 0 4 6 6 12 14 42

Russia Development 5 8 11 10 11 7 52

Wells per year 20 38 56 53 70 73 310

0

10

20

30

40

50

60

70

80

2012 2013 2014 2015 2016 2017

Russia Development

Russia Exploration

Norway Development

Norway Exploration

NAM Development

NAM Exploration


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Where will the activity be?

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Norway, Barents Sea oil

First oil development is the Goliat by

ENI/Statoil Subsea production, Sevan Production

Storage Unit, tankers to market, Gasreinjection, Electrical power from land torun the platform to reduce CO2emissions from platform

Est. Cost $6.4 B

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Norway, Barents Sea gas

Snohvit Subsea to beach

(140km), CCS, LNG

Est. Cost > $12 B

Snohvit LNG expansion

put on hold 3.5 Tcfneeded for a

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Russia, Shtokman

Gazprom 51%, Total 25%, Statoil 24%

Super Giant Gas Field - 135 Tcf(USGS)

Est. cost >$20 Billion

Phase 1 of 3: 16 - 20 subsea wells Floating LNG Production Unit

550km subsea pipeline

Delayed due to low gas prices

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Russia, Yamal peninsula

Bovanekovskoye Gazprom 175 TCF of gas 240 wells drilled 1,240 km pipeline Railroad to main

Russian systembuilt

Yamal LNG Total and Novatek Tambeyskoye field

55 TCF of gas Est. cost $20 B Start in 2018 at 650

mmcf/d and triple to2 bcf/d by 2020

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Russia, Pechora Sea

Prirazlomnoye (Offshore)

1st development project inRussian Arctic offshore

340 MM bbl (P90), 20 m waterdepth, Production starts in

2013? 36 wells by 2019, Development

CapEx of $4B

To be followed by developmentof the larger Dolginskoyeoilfield nearby

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What does this mean in our part of the world?

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What does this mean in our part of the world?

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Some Discovery to Production timelines

Country Field Discovery Start Development Start Production Discovery to Production

Canada Norman Wells 1921 1980 1985 64

Canada Amauligak 1984 2023 2027 43

Norway Snohvit 1984 2001 2006 22

Norway Goliat 2000 2012 2014 14

Norway Skrugard/Havis 2011 2016 2018 7

Russia Shtokman 1988 2016 2022 34

Russia Bovanenkovskoye 1971 2008 2012 41

Russia Tambeyskoye 1974 2011 2018 44

Red numbers are guesses

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New technologies

Seabed Rig

Under water drilling rig

Badger Explorer

Rig less drilling

North Energy

Tunnel to Oilfield

Boeing & SkyHook

Airships

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http://www.boeing.com/news/releases/2008/q3/080708c_nr.html


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Minimum sea ice extent and its implications

The changes The North East Passage has been open since

2008 (a.k.a. Northern Sea Route)

34 ships went through the NE passage in2011, over 70 expected in 2012

The North West Passages northern route has

been open since 2010. 22 vessels passedthrough in 2011 compared to 69 in the first100 years from 1906 to 2005.

We can expect to see more commercialshipping in the NW passage in the next few

years.

All Arctic nations are now looking at improvingemergency preparedness and search andrescue capacity.

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Summary

The Arctic activity is increasing

Existing Gravity Based Structure (GBS) platform solutions can be used inup to 100 meters of water depth

New re-floatable GBS platforms are being developed for exploration in

heavy iceFloating options exist for mild ice conditions

Subsea technology improvement allows 3 phase flow over 145 km toavoid floating production

New technology is being developed to explore and produce in harsh iceconditions

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[email protected]
mailto:[email protected]:[email protected]


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Backup slides


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The challenges in the Arctic, continued

The operating conditions vary from area to area

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GOM

permafrost

Gas Hydrates

Oil-Gas

600 m

1000 m

Free gas

Shallow hazards will be a

challenge in many areas for

both onshore and offshoreexploration and production


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Financial climate in the Arctic

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1. Canada2. Greenland3. Norway4. Alaska

Russia not mapped outin original study by IHSEnergy because ofuncertainties onfinancial regime.Recent agreements

with Total and otherswould indicateimproved financialregime.

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