”arctic and cold regions prospects and challenges”
TRANSCRIPT
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Ministry of Petroleum and Energy www.mpe.dep.no
”Arctic and Cold RegionsProspects and Challenges”
Minister of Petroleum and EnergyThorhild Widvey
US – Norway Oil and Gas Industry Summit 2 March 2005Houstonian Hotel, Houston
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Ministry of Petroleum and Energy www.mpe.dep.no
0
10
20
30
40
50
60
04.01.2000 04.01.2002 04.01.2004 04.01.2006 04.01.2008 04.01.2010
$/barrel
Oil prices: Historical and future-prices
2005
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Ministry of Petroleum and Energy www.mpe.dep.no
The Largest Industry in Norway (2003)
Source: Statistics Norway
45 %24 %
The petroleum sector’s direct share of total employment was 1,2 percent in 2003
19 %
The petroleum sector’s share of GDP
19 %
The petroleum sector’s share of GDP
25 %
The petroleum sector’s share ofState revenues
The petroleum sector’s share of total investment
The petroleum sector’s share of total exports
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Ministry of Petroleum and Energy www.mpe.dep.no
Production and Net Export of Liquids* 2004
2,352,6
3,083,193,493,833,96
7,629,029,2
0 5 10
UAE
Venezuela
Canada
Norway
China
Mexico
Iran
USA
Saudi Arabia
Russia
mill b/d
1,511,762,012,012,042,12,47
2,936,47
7,04
0 2 4 6 8
Iraq
Mexico
Kuwait
UAE
Nigeria
Venezuela
Iran
Norway
Russia
Saudi Arabia
mill b/d
Production Net export
* includes both crude oil and NGLSource: Petroleum Economics Ltd
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Ministry of Petroleum and Energy www.mpe.dep.no
High activity at the NCS
Oseberg 2015Troll 300
SnøhvitOrmen lange
SatellittutbyggingerStatfjord senfase
Tampen 2020
Valhall redevelopment
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Ministry of Petroleum and Energy www.mpe.dep.no
Norwegian continental shelfLarge resources left to be found and produced
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Ministry of Petroleum and Energy www.mpe.dep.no
The Arctic challenge
USGS: 25% of the world’sundiscovered resources to be
found in the Arctic
Source: USGS, Statoil
Arktis
Rest of the
world
N.Africa, Caspian,
M.East
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Ministry of Petroleum and Energy www.mpe.dep.no
The R&D Challenge
• Subsea flow assurance and processing for long tie-backs
• Environmental considerations
• Drilling and intervention and offshore and onshore facilities in the arctic, and
• Transport solutions for oil, gas/LNG from arctic frontiers to the markets
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Ministry of Petroleum and Energy www.mpe.dep.no
Snøhvit – a New Concept for LNG Production • Sub-sea production
• Multiphase transport > 140 km
• LNG process and shipping technology
030326-LL 16
16
Source:
Statoil
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Ministry of Petroleum and Energy www.mpe.dep.no
Ormen Lange Field Development
MinistryofPetroleum and Energy
TheOrmen Lange Offshore ProductionFacilityTheOrmen Lange Offshore ProductionFacility
Source:
Hydro
• Complex seabed topography
• New tool for design and simulation of pipe laying operations
• A globally unique innovation
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Ministry of Petroleum and Energy www.mpe.dep.no
OG21 National Technology Strategy
Vision
• World class competence• A leading global industry• The most innovative
offshore province in the world
5 Focus Areas
• Deep Water • Environment• Increased Recovery• Small Fields• Gas Value Chain