GullfaksVillage2010

1
GullfaksVillage2010

• Gullfaks Sør Omega Project
• Some cost data and economic assumptions

2
Gullfaks Omega - suggested cost data

• Subsea development
• One four slot template with all pipelines 1 500
  MNOK
• Two four slot template with all pipelines 2 500
  MNOK ( 1 000 MNOK/template)
• Fixed platform
• Wellhead platform with 15 slots 4 000 MNOK
• Jacket with 20 slot drilling unit 7 000 MNOK
• Drilling
• Semi-submercible 400 MNOK/well
• Jack-up 300 MNOK/well
• Own drilling rig 150 MNOK/well
• For all three altenatives Drill four wells pr
  year

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Gullfaks Omega suggested cost data

• Omega operations cost
• Operations sub-sea 100 NOK/bbl oe
• Operations jack-up 80 NOK/bbl oe
• Operations jacket 50 NOK/bbl oe
• Gullfaks operations cost
• Operations 10 NOK/bbl oe
• Transportation 1 NOK/bbl oe
• Plugging and abandonment
• Sub-sea 200 MNOK
• Jack-up 300 MNOK
• Jacket 400 MNOK

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Suggested economic assumptions and sensitivities

• Economics assumptions
• Oil price 400 NOK/bbl increasing 3 p.a.
• Gas price 200 NOK/bbl oe increasing 3 p.a
• Inflation 1
• Discount factor 5
• Run before tax economics
• Value and Net Present Value
• Internal Rate of Return (IRR, )
• Sensitivities
• Oil and gas prices increasing 5 p. a./decreasing
  2 p. a.
• Production /- 30
• Investments /- 40

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Block 34/10 Oil field development in Norwegian -
a history about courage.
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GullfaksVillage2010 Bergen 3/3 2010Program

• 1100    Welcome to Statoil in
  Bergen     Petter Eltvik  
• 1130    Tapas lunch 
  Outside Auditorium       
• 1200    Experts in Team in Statoil Gullfaks
  Ole Jørgen
  Birkenes     
• 1215    Some cost data and economic
  assumptions Petter Eltvik
• 1230 Review of part A reports and part B
  assignments in individual groups  
•               Group 1 LU007 Petter
  Eltvik/ Karl Sigurd Årland
• Group 2 LU004 Johan Eck-Olsen/Petter
  Eltvik
• Groups 34 L1004 Knut Muller/Ole Jørgen
  Birkenes
• Group 5 L1003 Eli
  Gule/Petter Eltvik
• Group 6
  L1001 Esther Matland/Leif-Kristian Tveiterå
• 1330 1500 Review of Gullfaks Sør
  Statfjord in Cave Gunnar Halvorsen
• Groups 34 kl 1330, Groups 56 kl 1400
  and Groups 12 kl 1430
• 1500    Review of the day/Summary
  Auditoriet    
• 1600 Departure for Dolly Dimples,
  Kokstad         

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GullfaksVillage 2010 Overview over Statoil
contacts

• Group 1 Environmental Challenges by adding
  Chemicals to the WI
  Contact in Statoil Petter Eltvik
  petel_at_statoil.com. (also Karl Sigurd Årland)
• Group 2 Drilling through depleted Brent Gr.
  
  Contact in Statoil Johan Eck-Olsen
  jeo_at_statoil.com
• Group 3 Improved oil recovery with Smart wells.
  
  Contact in Statoil Knut Muller
  knmu_at_statoil.com
• Group 4 Improved oil recovery with Smart wells
  
  Contact in Statoil
  Ole Jørgen Birkenes olbi_at_statoil.com
  
• Group 5 Improved oil recovery with WI
  
  Contact in Statoil Eli Gule egul_at_statoil.com
  
• Group 6 Geological and Geophysical uncertainties
  Contact in Statoil Esther Matland
  estm_at_statoil.com (also Kristian Tveiterå)

8
Thank you
Gullfaks Sør Omega Project suggested cost and
economic assumptions
Petter Eltvik Project Manager GO
Project petel_at_statoil.com, tel [phone]
39 www.statoil.com