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DUG East, 2010: "Statoil's Strategy For The Marcellus"
DUG East, 2010: "Statoil's Strategy For The Marcellus"
DUG East, 2010: "Statoil's Strategy For The Marcellus"
Stephen Bull
Commercial Leader for Marcellus, Statoil
Statoil – crossing energy frontiers
Norwegian-based
Listed in Oslo and NY
Equity production
- 1.96mm boepd in 2009
30,000 employees in 34
countries
Europe’s #2 gas player
Leader in carbon capture
and storage
North America - our fastest
growing region
The Statoil approach US Onshore
Gas
Internationalization
Brazil
GoM
Operatorships
Middle East
2009
2008-10
BP Alliance
Operator
Learning Operator
Oseberg 2006
Gullfaks 2005
Statfjord
partner
1999
Statoil
created
1990
1982
1981
1974
1972
• US GOM
• Russia
• Brazil
• Canada
• West Africa
• USA
• Indonesia
• Greenland
• North Africa
Maximise
NCS value
Gas value
chains Heavy oil
• Europe • Venezuela
• USA • Brazil
• Caspian • Canada
• North Africa
Source: Statoil
Europe’s #2 in gas. Emerging presence in the US
Snoehvit
Shtokman • Replicate gas value chain
LNG
strategy in N. America
Aasgard
•Strong focus on
Sleipner
application of technology
Troll
Corrib
•Marcellus presence since
Marcellus 2008
Shale
Cove Point
Shah
Eagle Ford Deniz
Deepwater • New Eagle Ford venture
In Salah In Amenas
GoM
26 March 2010
Classification: Internal
Statoil engaging throughout the value chain
Toronto Northern
Access
Project
Boston
Manhattan
National Fuel Gas Northern Corridor
Production Project
Area
Tennessee
Marc 1
Leidy
Storage
New York
Texas Eastern
Central
Production
Area
Dominion
Transmission
Washington, D.C.
Cove Point
LNG
Source: Statoil
The Marcellus offers the lowest break even
for gas shales
Strategic trend towards operatorships
High
Engagement
Low
Royalty Financial Acquisition /
Joint Venture
owner interest Operator role
Deployment of capabilities
Source: Statoil
Thank you
For further information, please contact:
Stephen Bull
sbul@statoil.com
www.statoil.com