NPD Perspectives 02.02.2016 | Director General Bente Nyland

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A long-term industry mustbe managed with a long-term perspective

Congratulations! 20 years of FORCE

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Norway: 50 years of petroleum activities

1965 2015

Historical production and five-year forecast

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0

1

2

3

4

5

0

50

100

150

200

250

300

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

Mill

ion

bar

rels

/day

Mill

ion

Sm

³ o

e

Gas

NGL

Condensate

Oil

1995

Resources on the Norwegian continental shelf14.2 billion Sm3 oe

5

45 %

solgt og levert

47% sold and delivered

Undiscovered resources 20%

Resources in discoveries 5%

Resources in fields 6%

Reserves 22%

Undiscovered resources2920 million Sm3 oe

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41 %59 %

Barents Sea

47 %

53 %

Norwegian Sea

66 %

34 %

North Sea

Gas

Liquids

Two systems for awarding new licences

APA 2011

22. konsesjonsrundeMature areasAwards in predefined areas (APA)- yearly

Less mature- and Frontier areas-every second year

Resource growth per region, 2011-2015

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Barents Sea

Norwegian Sea

North Sea

June 2014 - June 2015

highlighted with dotted

rectangles

7220/8-1

Johan

Castberg

7220/7-1

Johan

Castberg

7324/8-1

‘Wisting’

7120/1-3

‘Gotha’

6407/8-6

‘Snilehorn’

6406/12-3 S

‘Pil’

6507/7-15 S

‘Zidane 2’

30/11-8 S

Krafla

35/9-7

‘Skarfjell’

2/4-21

‘King Lear’

16/4-6 S

‘Luno II’

Oil reserves growth - target vs actual

Production forecasts up to 2030

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Reported potential project stoppersFor projects with planned PDO 2015-2019

Cost reduction

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0

20

40

60

80

100

120

Ind

ex (

Fall

20

14

= 1

00

)

? ?

Fall 2014 Fall 2015 Fall 2016 Fall 2017

Technology creates value

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© Fishbones.as

Technology and cooperation create value

“We need new solutions and they must be put to use”

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Small developmentsin mature areas

Simplified solutions

Increased recoveryfrom fields

G&G methods, drainage technology

Increased drainagepoints

Well and drilling technology

Remote developments

Subsea technology

Reduced emissions

Energy efficienttechnology

Shallow drilling in the Barents Sea

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Find facts about the Norwegian continental shelf

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How to get new ideas?Coordinated approach will make the cake bigger!

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