the shelf in 2019 - oljedirektoratet · 2020-03-19 · 2. 3 a lot of exploration wells and a lot of...
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The Shelf in 20199 January 2020
Director General Ingrid Sølvberg
Photo: Tom Haga/Conoco Phillips
50 years since the Ekofisk discovery
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A lot of exploration wellsand a lot of discoveries
Exploration activity 2010 – 2019
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Many discoveries in 2019
The value of "a small discovery"?
+Ryfast tunnel project New Stavanger University Hospital
Illustrations: Stavanger Aftenblad 6
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Good access to acreage and a lot of exploration wells
Good data – necessary for success
Illustration: Magseis-Fairfield8
Proven petroleum in 2019
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Record number of fieldsin production
Are we headed for a new production record?Production up to 2024, distributed by product
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Johan Sverdrup on stream in 2019
Photo: Equinor/Espen Rønnevik/Øyvind Gravås
More fields that started operating in 2019Considerable values, even in the smaller developments
Total current value
NOK 31 billion
OdaHost field: Ula
TrestakkHost field: Åsgard
UtgardHost field: Sleipner
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Gas from Oda increases reserves on Ula
Photo: Aker BP14
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Other development plans approved in 2019
SolveigHost field: Edvard Grieg
Gjøa P1Host field: Gjøa
DuvaHost field: Gjøa
Opal sørHost field: Gullfaks
Shetland/Lista Host field: Gullfaks
Tor IIHost field: Ekofisk
Total current value
NOK 38 billion
New life in old veterans
16Photo: Vår Energi Photo: Equinor/Harald Pettersen
Illustration: Conoco-Phillips
BALDER EKOFISK AND TOR II
STATFJORD
The challenging barrelsConsiderable values could be left in place
17Researcher at the IOR Centre/University of Stavanger
Photo: Jan Inge Haga
Present oil and gas in tight reservoirs. Figures in million Sm3 oe
Continued reserve growth for oil requires decisions
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Production increases, emissions go down
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Full-scale CCS demonstration project
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The investment levelremains high
Investments level off starting in 2021
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Stable activity level in the next five yearsTotal costs leading up to 2024
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Costs are declining and production is increasing
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Future value creation
Still more than half left
Total resources: 15.7 billion Sm3 of oil equivalent
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Many discoveries can be developed to tie in to existing infrastructure
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Good opportunities for substantial values from undiscovered resources
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BARENTS SEA NORTH
BARENTS SEA SOUTH
NORWEGIAN SEA
NORTH SEA
P95
Expected
P05
Open area
Norwegian shelf boundary
Sea area with estimate for undiscovered resources
Continuing to map the Barents Sea North
Svalbard
29Foto: Shearwater Geoservices
Legend
Minerals on the seabed
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Total production up to 2030
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Continued high value creation from the Norwegian shelf
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