Statoil, Venezuela and Plataforma Deltana. Marcel Kramer President, Statoil Venezuela Venezuela Energy Symposium Washington, D.C.

Transcription

1 Statoil, Venezuela and Plataforma Deltana Marcel Kramer President, Statoil Venezuela Venezuela Energy Symposium Washington, D.C July 2003

2 Agenda Company Description Statoil in Venezuela Plataforma Deltana Block 4 General Scope Exploration Activities Typical examples of projects Infrastructure Development of National Content Social and Environmental Aspects Challenges

3 Company Description Statoil, Norwegian oil company founded in 1972, today with operations in 23 countries and more than employees. The world s third net seller of crude oil: more than 2 million barrels per day. One of the main gas suppliers to the European market. Experienced offshore Operator. Largest operator worldwide in water depth > 50 meters We conduct our business in an ethical, sustainable and socially responsible way

4 Statoil upstream worldwide! We are already well positioned in attractive but demanding areas Norway Norge Russland Russia! We are increasing our business development activities to gain operatorships Mexico Western Vest-Europa Europe The Kaspihavet Caspian Iran Venezuela! Using the skills we have developed in the North Sea and in the gas value chain Brasil Brazil Western Vest-Afrika Africa

5 Pillars of our Focus Profitable long term projects which require a commitment to the country and emphasis on: Health, Safety and Environment Social Responsibility National Content Development

6 Statoil in Venezuela LL-652 3rd. Round of Operating Agreements Sincor Heavy Oil Production and Upgrading Plataforma Deltana R í o O r i n o c o Statoil investment so far 1 billion USD. Venezuela is one of Statoil s focus areas for continued growth.

7 Scope Plataforma Deltana As a result of a competitive process, Statoil was awarded (Feb. 27, 2003) a licence for exploitation and exploration of non-associated natural gas for Plataforma Deltana Block 4. Approx. area km2 Between 200 and 800 meter of water depth Licence awarded to Statoil and PDVSA Gas. The latter will decide its participation between 1% and 35%, at the moment of declaration of commerciality. Initially this is a project for exploration and reservoir delineation, in order to confirm reserves. Once these are known, the development plan will be prepared.

8 Plataforma Deltana, Venezuela TRINIDAD EXPLORATION ACTIVITY - 5 BLOCKS Block 1 Block 2 Block 3 Block 4 Block 5 Coc-1X Block 4 Statoil Operator -200 m Taj-1X Lau-1X VENEZUELA 40 Km Ori-1 Gua-1

9 Typical example of a project s execution Exploration Drilling Project Engineering Project Planning Project Execution Production/ Operation

10 Resource requirements in a typical project Peak Production (Plateau) Production tail Declaration of Commerciality Labour Requirements Exploration Capital Investment Income Investments Operating Costs Tariffs Exploration

11 l Plataforma Deltana Exploration Drilling AEROTECNICA Capure Drilling planned to start 2 nd quarter 2004, with one well. Synergies will be promoted with other operators. Contracting strategy under preparation. Bidding process starts in the last quarter of the year. Environmental and Social Impact Assessment is crucial step in process.

12 National Content Development Statoil corporate policy is to stimulate : National industry development of selected companies towards international competitiveness. Training programs and cooperation among universities. Technology transfer. Activities, examples Seminars with government entities and entrepreneurial chambers from Venezuela and Norway to promote the exchange of experiences, methodologies and formation of alliances. Training programs / education with universities. Technology co-operation agreement PDVSA-Statoil. Statoil is active participant in COSPAN Gas study for the evaluation of national capacities and the creation of a fund for the development of the national industry.

13 For Statoil, Sustainable Development is: The development that covers the needs of the present, without committing the resources of future generations! Promoting alliances with institutions and representatives of different sectors!respecting the legal framework!fulfilling our promises!zero harm to people and environment!teamwork and continuous learning!social responsibility: Identify mutual needs amongst communities and other stakeholders, and define the actions to meet these needs in a sustainable manner once consensus has been reached.

14 Statoil and Sustainable Development STATOIL MAIN PRINCIPLES STRATEGIC ALLIANCES Society Finance DEVELOPMENT Environment

15 Challenges Statoil is committed to working in and with Venezuela in order to meet a range of challenges: A challenge for Venezuela: Development of a large offshore gas project, exploration, production and gas export. Development of national industry capacity, related to offshore gas projects. A technical challenge: Exploration / reserve risks Deep water development A commercial challenge: Acces to market Financing A social and environmental challenge: Sustainable development Project in sensitive areas

16 Physical Conditions Biological Baseline Description Socioeconomic Project Description EIA* Preliminary Impact Identification Direct Description of influence area Indirect * EIA: Environmental Impact Assessment

17