Norsk sokkels konkurransekraft sett fra et BP perspektiv'

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• Norsk sokkels konkurransekraft sett fra et BP
  perspektiv.
• Olav Fjellså
• BP Norway

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the 3 ages of BP EP
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BP EP Existing and new profit centres
BP EP Existing and New Profit Centres
North Sea BPs largest existing profit centre
Alaska
NorthSea
Russia TNK-BP
NA Gas
Azerbaijan
Egypt
Trinidad
Asia-Pacific LNG
GOM deepwater
Middle East/Pakistan
Angola
Venezuela
Colombia
Southern Cone
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Leteeffektivitet
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Reservefornyelse
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Mange prosjekter innen UP
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Successful turnaround on the UKCS Norway is
10- 15 year behind
Production figures (mbbld)
Number of companies

Sources Woodmac
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The NOCS is under-explored and very attractive
for smaller players

• Under-explored compared to other mature regions
  such as UKCS and Gulf of Mexico
• Companies have targeted elephant finds, but the
  average find rate has been only 30m boe in recent
  years (adjusted for Ormen Lange)
• NPD indicates 7bn barrels to be found in the
  North Sea in field size 30-60mb
• Improved tax rules reduce the funding need
• Guaranteed 78 cash back on unsuccessful
  exploration
• More acreage offered
• More aggressive licence rounds
• Possible new Petoro down sale
• Minimum risk of increase in government take

Source Norsk Hydro, Petrobank

• UKCS exploration wells drilled 2400
• NCS exploration wells drilled 600

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The balance sheet

• Remaining resource potential
• Existing infrastructure
• Political Fiscal stability
• Supply chain relationships

• _
• Cost and inflationary pressures
• Regulations
• Attracting and retaining skilled
• people

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Vår virksomhet på norsk sokkel

• Partner i 15 lisenser
• Operatør på 11 av disse
• Operatør på fire produserende felt Ula,Tambar,
  Valhall,Hod
• Partner i Draugenfeltet
• Prosjekter
• Nytt feltsenter på Valhall
• Utbygging av Skarvfeltet
• Blanefeltet knyttes til Ula

Kjerneområder
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Valhall Redevelopment - Norway
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Skarvutbyggingen
Produksjonsstart 3kv. 2010 Bemanning 35 Produksj
onskap olje 85000 f/d Produksjonskap gass 15
mill sm3/d Toppdekk 16500 Tonn Skrog 35000
Tonn Dreieskive/ankersystem 9000
Tonn Brønner 16 Havbunnsrammer 5

• 420 millioner foe produserbare reserver
• Investeringer 1618 mrd Nok (2.52.8 bn)
• Faset utbygging med tidlig med oljeproduksjon
• 88km lang 24 rør til Åsgard Transport System

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BP i Norge

• Langsiktig perspektiv, minst til år 2050
• Investerer over 30 milliarder kr
• Vi ansetter flere medarbeidere.
• We are here to stay