Trondheim 7.april 2014
Annual General Meeting 2014
Trondheim, 7 April 2014
Jette production
Production
Net production of approx. 2,700 boepd in Q4
Impairment
Remaining reserves of 3.24 mmboe (gross)
Daily production from start-up to end of Q4 (gross)
Det norske's position on the Utsira High
IVAR AASEN – PDO approved by the Storting in May 2013
Development concept
Ivar Aasen – Capex, Opex and Production
A Norwegian project – global production
Aasen on schedule
Ivar Aasen – great dimensions!
JOHAN SVERDRUP
Sverdrup – the giant
This is the Johan Sverdrup field
- Among the largest fields discovered on the Norwegian Continental Shelf
- Production start in Q4 2019 lifetime of 50 years
- Holds between 1.8 and 2.9 billion barrels of oil equivalents
- Production capacity of 315 til 380,000 boe per day in phase 1
- Plateau production capacity of 550 til 650,000 boe per day
- To account for about a quarter of Norwegian oil production at plateau
- Ambition to increase recovery factor to 70 percent
- First phase investments estimated to be between NOK 100 and 120 billion
Johan Sverdrup – the field centre
Power from shore to Johan Sverdrup
- Phase 1 will be powered from shore
- Will decrease the total CO2 emissions from the Utsira High with 60-70 percent
- Sverdrup represents 80 percent of the emissions
- Considering several options for future solutions regarding power supply – a decision will be made in connection with a phase 2 decision (in 3-4 years)
Teknisk
Ukeblad |
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Annonsere Kontakt os |
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| TU-nettverket: |
TU |
T 2 |
TUTV |
Våre Veger |
Automatisering |
TUJobb |
TUEv |
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| $-1$ |
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$1.71$ 18 $8.8$ |
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Milestones
December 2013
FEED contract for phase 1 awarded to Aker Solutions
February 2014
Decision Gate 2 passed
Q1 2015
Phase 1 PDO submittal to the authorities and unitisation process finalised
Q2 2015
Phase 1 PDO approval
2015-2019
Construction & Installation
Q4 2019
First oil production
EXPLORATION
Discovery in the North Sea
- Oil and gas discovery in PL 272/ PL 035, both in the Askja West and Askja East prospects
- Operator's preliminary volume estimates between 19 and 44 million boe
- Located adjacent to Krafla, joint development may provide between 69 and 124 million boe
- Det norske holds 25%
- Statoil 50%
- Svenska Petroleum 25%
Exciting discovery in the Barents Sea
Gohta (PL 492) discovery
- Preliminary estimate 113-239 mmboe
- Permian carbonate reservoirs: 25 metre gas cap over a 75 metre oil column
- Successful production test showed a stable production rate of ~ 4,300 boepd
- 35km northwest of the Snøhvit field
- Det norske 40%, Lundin 40% (o), Noreco 20%
A new play in the Barents Sea
- First successful test in Permian carbonates performed in the Barents Sea
- Det norske has several prospects and leads with similar plays in its portfolio
Gohta – Barents Sea
12 month drilling plan*
s
ell
w
m
Fir |
Prospect |
Share |
mmboe |
Operator |
Rig |
Q1 2014 |
Q2 2014 |
Q3 2014 |
Q4 2014 |
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PL 102F
Trell |
10% |
15-121 |
Total |
Leiv
Eriksson |
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PL 659
Langlitinden |
20%** |
154-374 |
Det norske |
Trans.
Barents |
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PL 265 JS
Geitungen |
20% |
Appr. |
Statoil |
Ocean
Vanguard |
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PL 550 Gotama |
10% |
10-75 |
Tullow
Oil |
Borgland
Dolphin |
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PL 558 Terne |
20% |
15-145 |
E.ON |
Borgland
Dolphin |
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PL 494
Heimdalshøe |
30% |
30-230 |
Det norske |
Maersk
Giant |
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PL 554
Garantiana
2 |
20% |
Appr. |
Total |
Leiv
Eriksson |
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PL 492 Gohta
2 |
40% |
Appr. |
Lundin |
Island
Innovator |
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PL 553 Kvitvola |
40% |
13-115 |
Det norske |
Borgland
Dolphin |
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*Please note that the drilling plan is often subject to changes due to rig planning etc. ** Subject to Government approval
Always moving forward to create value on the NCS
Debt funding
Committed and uncommitted debt financing end of period (excluding the exploration facility) - MNOK
Solid ownership
|
Antall aksjer |
Andel |
| Aker Capital AS |
70 339 610 |
49,99% |
| Folketrygdfondet |
8 339 094 |
5.93% |
| Odin Norge |
2645420 |
1,88% |
| Verdipapirfondet DNB Norge Selekti |
2 279 125 |
1,62% |
| Odin Norden |
1933769 |
1,37% |
| Clearstream Banking S.A. |
1 555 695 |
1,11% |
| Varma Mutual Pension Insurance |
1445000 |
1,03% |
| KLP Aksje Norge VPF |
1 325 144 |
0,94% |
| JP Morgan Chase Bank, NA |
1 166 346 |
0,83% |
| Danske Invest Norske Instit, LI. |
1 156 849 |
0,82% |
| Tvenge |
1 100 000 |
0,78% |
| Verdipapirfondet DNB Norge (IV) |
1081909 |
0,77% |
| VPF Nordea Kapital |
1 080 784 |
0,77% |
| Fondsfinans Spar |
1075000 |
0,76% |
| VPF Nordea Norge Verdi |
1025804 |
0,73% |
| JP Morgan Clearing Corp. |
910 648 |
0,65% |
| Kommunal Landspensjonskasse |
880000 |
0,63% |
| Skandinaviska Enskilda Banken AB |
800 916 |
0,57% |
| Statoil Pensjon |
800 647 |
0,57% |
| Danske Bank |
765 230 |
0,54% |
Always moving forward to create values on the NCS
Enquiring Reliable Responsible Commited
Karl Johnny Hersvik has started