Copyright©Statoil 2010 - ONS Canada Day 2010 Standing at a new frontier Statoil Canada @ ONS 2010 Caron Hawco, Business Services Statoil Canada August 26, 2010 Scotia Centre
Copyright©Statoil 2010 - ONS Canada Day 2010
Standing at a new frontierStatoil Canada @ ONS 2010Caron Hawco, Business ServicesStatoil Canada August 26, 2010
ScotiaCentre
Copyright©Statoil 2010 - ONS Canada Day 2010
A Growing Organization
Statoil in North AmericaNewfoundland and Labrador: The Big Picture
Newfoundland and Labrador & the Barents Sea
Statoil in NewfoundlandNon-operated Joint VenturesExplorationCommunity Investments
Research and DevelopmentHarsh Environment R&DR&D in Newfoundland & Labrador
Welcome
Copyright©Statoil 2010 - ONS Canada Day 2010
Offices
Assets
Calgary (398 employees) St. Johns (14 employees)
Stamford (110 employees)
Washington, D.C. (3 employees)
Houston
Mexico City
Chukchi Exploration Leases
Heavy Oil
Exploration & Production Canada
LNG Terminal, Maryland
Shale Gas
Exploration & Production Deepwater Gulf of Mexico
Statoil in North America
A Growing Organization
(305 employees)
Copyright©Statoil 2010 - ONS Canada Day 2010
Exploration
Production
F
F
F
F
F
Oil prone basin
Gas prone basin
Gas production
Oil production
Frontier exploration
The Big Picture
Copyright©Statoil 2010 - ONS Canada Day 2010
•Harsh environment
•Remote locations
•Pristine environment
•HSE challenges
• Local fisheries
•Stakeholder engagement
•Technological challenges
Similarities: Newfoundland & Labrador and Barents Sea
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What’s the difference?
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Occasionally there are nice days!
Copyright©Statoil 2010 - ONS Canada Day 2010
Partner in Hebron (9.7%) and Hibernia Southern Extension (10.5%)FIELD DEVELOPMENT
• Operator offshore NL: 2 Significant Discovery License (SDL), 3 Exploration Licenses (EL)
• Mizzen discovery announced April 2009. SDL approved February 2010
EXPLORATION
Partner in Hibernia (5%) and Terra Nova (15%) offshore fieldsPRODUCTION
Statoil in Newfoundland & Labrador
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Non-operated Joint Ventures
•Financial stewardship•Offering expertise and experience•Transferring knowledge and sharing best practices•Participating in negotiations and other commercial matters•Maintaining internal expertise for informed decision making
Terra Nova 15% Hibernia 5%
Hibernia 10.5%Southern Extension
Hebron 9.7%
Copyright©Statoil 2010 - ONS Canada Day 2010
2011 Mizzen Appraisal
2011/2012 Exploration well Jeanne d’Arc Basin
Exploration• RSA #2 - Transocean
Henry Goodrich - partners Husky Energy and Suncor
• Summer 2010:- Geohazard survey
- ROV seabed survey
• 2011/2012:- Mizzen appraisal well
- Southern Jeanne d’Arc Basin exploration well
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Community InvestmentResource Centre of the Arts Shallaway- NL Youth in ChorusJuno Awards
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Arctic Conditions: Weakness or Strength?
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Harsh environment R&D
Strengthened fixed structure to withstand iceberg impactGlory holes for protection
of subsea equipment
Disconnectable turret for iceberg avoidance
Strengthened hull to withstandlimited ice conditionsDedicated support vessels
Copyright©Statoil 2010 - ONS Canada Day 2010
Newfoundland & LabradorA Gateway to the Arctic
• Industry with more than 30 years of experience
• NL R&D community: experts in ice and facility management in arctic conditions
NL is a real time Arctic laboratory
Copyright©Statoil 2010 - ONS Canada Day 2010
• Industry obligation: 0.5% of revenues = significant investment• CAPP R&D Taskforce, priority areas:
• Arctic • Subsurface
• Statoil NL R&D Project Lead starting Q4• Promoting NL Arctic R&D capabilities within Statoil• Position NL as global player in Arctic R&D through collaboration
R&D in Newfoundland & Labrador
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Copyright©Statoil 2010 - ONS Canada Day 2010
Thank youStatoil Presentation ONS 2010
Caron Hawco
Business Services Manager
Statoil Canadawww.statoil.com