statoil business update – bergen næringsråd · 3 2,1 2,2 1,9 1,4 1,1 1 0,8 0,6 0,6 0,8 2007...
TRANSCRIPT
Statoil Business Update – Bergen NæringsrådGunnar Nakken –Senior Vice President, Operations west – Location manager Bergen
Felt i Drift Vest
2
BOREOPERASJONER ~17
PRODUKSJON ~1 500 (ca 133 mrd/år)
FELTKOST ~8 600 mnok
CAPEX ~33 000 mnok
PLATTFORMER 19
ANSATTE 1700
3
2,12,2
1,9
1,4
1,11
0,8
0,6 0,6
0,8
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Serious incident frequencySerious incidents per million work-hours
Reinforcing safety measures
Reinforcing safety measures
Seeking sustainable improvements –Significant improvements achieved in 2013 - 2016 period
4
1 Level January 2013 vs December 2016
2 Average 2012 vs average 2016
3 Change in TIMP grade E&F 2012 - 2016
Modification cost
46%
Maintenance cost
38%
Preventive
maintenance
back log1)
80 %
Corrective
Maintenance
portfolio1)
65 %
Safety critical
Maintenance
back log2)
50 %
Hydrocarbon
leakage
40%
Plants
technical
integrity3)
80 %
Production
efficiency
6.7 p.p.
Improvements
in cost
Improvement
in performance
2016 | Strong improvements in a low price environment
5
Financial
results
Operational
performance
Improvement
programme
• Strong production – above guiding
• High production efficiency – increased well capacity
• 93% reserve replacement ratio
• Adjusted earnings: USD 4.1 billion – reflecting low prices
• NOI1: USD 80 million – impacted by impairments
• Solid cash flow
• USD 3.2 billion in annual efficiency gains
• Average BE @ USD 27/bbl for next generation portfolio2
• Organic capex reduced by USD 3 billion to 10.1
Illustration: Gullfaks B
1 Net operating income.
2 Statoil- and partner-operated projects, sanctioned since 2015 or planned for sanction, with start-up by 2022. Volume weighted.
From programme to cultureContinuous improvement
1 Production wells
2 NCS production efficiency
3 Annual continuous improvement from 2017
4 Realisation of estimated facility effects compared to 2013 baseline
2016
delivery
2016
ambition
2.53.2
2017
ambition
2018
1.0
New measures from
continuous improvement3
Forward impact from
improvement programme4
Unlocking further efficiency potential
1.3
Original
2016
ambition
USD billion
6
2016 | DPN results
7
Highest quarterly production since Q1 2012Strong cost performance ~15% in NOK
Adjusted earnings reduce by ~2%Challenging SSU development
Investing in next generation portfolio
8
27USD/bbl
Average
break-even ∼
Planned start-up by 2022¹ 2023
Continuing
improvements
3.2bn boe
Average IRR² ∼
25%
Recoverable
resources
Johan Sverdrup Johan Castberg Peregrino II Trestakk Oseberg vestflanken Carcará, Pão
Bay du Nord
Wisting
1 Statoil- and partner-operated projects, sanctioned since 2015 or planned for sanction, with start-up by 2022. Volume weighted.
2 Internal rate of return at project sanction assuming USD 70/bbl.
19 februar 20179 Classification: Internal © Statoil ASA
10
11
Our suppliers are crucial for our success..
12
* In addition comes additional equipment
bought in Norway through EPC contracts
..strong relationships with high-quality suppliers drives sustainable competitiveness
The majority of Statoil’s yearly
expenditures arises from suppliers
Statoil procurement 2016
in NOK Bn
151 151
Other
Singapore
Germany
Denmark
Canada
Brasil
Netherlands
Great Britain
USA
South Korea
Norway
Large share of procurements done locally
13
64% of procurements from suppliers with Norwegian invoicing party
2016 procurements by country of invoicing party (NOK Bn)
* In addition comes additional equipment
bought in Norway through EPC contracts
0 50 100
Kontraktstildelinger Johan Sverdrup fase 1
14
Planned exploration drilling programme 2017
15
Norway
RussiaUnited Kingdom
TurkeyCanada
Indonesia
Brazil
Angola
SurinameColombia
US GoM
Exploration spend USD nb 1.5
Wells number ~ 30
Mean volume mmboe 540
Finding cost USD/boe 2.5
Value creation ratio > 0.5
2017 Target 2017
Kirkenes
Other 23rd licensing round awarded areas
Statoil partner 23rd licensing round awarded areas
Statoil 23rd licensing round awarded areas
Gas pipeline
Statoil operator
Other leases
Statoil partner
Oil
Gas
Oil w/Gas
Johan Castberg
Alta/Gotha
Snehvit
Goliat
Kayak
Koigen Central
Blåmann
Wisting
Korpfjell
Gemini North
BARENTSHAVET leteprogram 2017
16
Honningsvåg
Alta
Tromsø
Vardø
Vadsø
Hammerfest
Harstad
NES Strategy
17
Offshore wind
Hydrogen
Solar
Energy storage
CO2 use/IOR
NCS - CO2 storage
Develop NEW LOWER-CARBON BUSINESS OPPORTUNITIES for statoil’s core products
Build a PROFITABLE RENEWABLES BUSINESS
Providing offshore wind to >1M homes
18
Offshore wind projects currently in progress delivering >1100 MWAdditional 4800 MW consented / ~5 mill. homes
* All capacity figures on 100% basis
Playing to
our strengths
• Complex projects
• Marine operations
• O&M & HSE ability
• Leading floating tech.
Attractive
market
• Attractive risk/return
• Predictable revenue
• OECD countries
• High entry barriers
Sheringham
Shoal
Hywind
demo
2009- 2012- 2017 2017 2020-
DudgeonDogger
Bank
Hywind
pilot
Hywind
large scale
North West
Europe
In operation In operation In development In development Consented
2.3 MW 317 MW 402 MW 30 MW 4 x 1.2 GW
2019
Arkona
385 MW
In development
2024-?
New York
United States
East Coast
Auction won
1-2 GW
Japan
US West Coast
19
This presentation, including the contents and arrangement of the contents of each individual page or the collection of the pages, are owned by Statoil. Copyright to all material including, but
not limited to, written material, photographs, drawings, images, tables and data remains the property of Statoil. All rights reserved. Any other kind of use, reproduction, translation, adaption,
arrangement, any other alteration, distribution or storage of this presentation, in whole or in part, without the prior written permission of Statoil is prohibited. The information contained in this
presentation may not be accurate, up to date or applicable to the circumstances of any particular case, despite our efforts. Statoil cannot accept any liability for any inaccuracies or omissions.
www.statoil.com
© Statoil ASA