Highlights since the third quarter Ivar Aasen PDO submitted 3.3 % in Dagny and PDO submitted Atla production on stream Garantiana oil discovery 8 licenses in APA 2012 Exploration facility and share issue 3
Ivar Aasen PDO submitted Area overview of the field development Det norske 35 pct and operator Development concept Ivar Aasen Fixed platform First stage separation at Ivar Aasen Final processing at Edvard Grieg Gas export via…
Ivar Aasen contracts awarded PDO submitted on December 21st Capex estimated at NOK 24,7 bn Topside EPC contract to SMOE and Mustang Engineering Main support module 10 250 tons Processing module 1 550 tons Flare boom 250 tons…
Ivar Aasen milestones 2012 2013 2014 2015 2016 2019 PDO Contract Construction Well drilling Install topside Hanz on awards Install jacket First oil stream Discussion with PL 457 partners LOI with Saipem for Jacket, transport and…
Ivar Aasen A two phased development 7 000 Phase 1 Phase 2 6 000 Capex Mill NOK 5 000 4 000 3 000 2 000 1 000 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Tariffs Opex Capex 80 000 70 000 Production Boepd 60…
Det norskes position on the Utsira High PL 001B/028B/242 35 percent PL 265: Det norske 20% Statoil (Op) 40% Petoro 30% Lundin 10% PL 501: Lundin (Op) 40% Statoil 40% Mrsk 20 PL 502: Det norske 22% Statoil (Op) 45%…
Johan Sverdrup way forward 2013 2013 2014 2015 - 2017 2018 Concept studies Concept selection Unitisation Construction Installation PDO First oil Ivar Aasen 35% Distribution platform Transformer 3,3% Illustration: Statoil…
Additional exploration potential in PL 265 Geitungen success Cliffhanger North Geitungen 35 m oil column appraisal High quality reservoir Near Fault Margin On top of basement + potential sidetrack 16/2-16A Cliffhanger North…
PDO for Dagny submitted Key development features License partners Agreement in December 2012 for a Det norske 3.3 percent Statoil 58.7 percent (O) 3.3 percent interest in the Dagny unit Total 38.0 percent Scheduled for start up in…
Jette Status Production start-up in April 2013 Subsea work and wells completed Platform modifications and testing remaining critical elements Capital expenditures NOKM 2 500 net to Det norske NOKM 450 in remaining capex for Det…
North Sea project inventory North Sea discoveries Asset portfolio Garantiana Krafla 75 NCS licenses Awarded eight in APA 2012 Fulla East Frigg Plans 8 -10 exploration wells annually Storklakken Fry Plan significant production…
Share issue and new exploration facility Det norske in Q4 issued 12.79 million new shares at price NOK 80.50 Gross proceeds from the private placement was NOK 1,029 million The private placement was carried out as an accelerated book…
Production and operating cash flow Production (boe/day left scale) Price (USD/boe right scale) Ownership position 3000 150 Varg 5% 130 2500 Jotun Unit 7% 110 2000 Glitne 10% 90 Enoch 2% 1500 70 Atla 10% 50 1000 30 500 10…
Atla high initial production rates Commenced production on October 7th Deferred payment from Atla Good initial production with high condensate content Atla details Gas volume 75% Gas revenues 60% Partly deferred payment due to…
North Sea exploration program PL 265/502 JS Extension Near Fault well PL 542 Augunshaug PL 453S Ogna Cliffhanger PL 035 Askja PL 551 Mantra Stavanger 25
APA 2012 Eight new exploration licences PL Companies (%) Awarded areas Det norske oljeselskap (O) 60 542 B Spring Energy Norge 40 PL681 (p) Det norske oljeselskap (O) 30 16% Bayerngas Norge 20 663 Fortis Petroleum Norway 10…
Outlook Exploration 3-4 wells in PL 265 / 502, including new prospect Cliffhanger Barents Sea campaign to test large structures on Norvarg, Caurus and Darwin Field developments Expect parliament to approve PDO for Ivar Aasen and…