Update on US Onshore August 2014 Torstein Hole, SVP US Onshore & Andy Winkle, VP Marcellus
Onshore operator commitments 2
Premium portfolio in core plays Bakken 290 000 net acres Concentrated liquids drilling Production 50 200 boepd Eagle Ford 59 000 net acres Liquids ramp-up Production 37 700 boepd Marcellus 605 000 net acres Production 121…
Long-term production growth 250 200 150 2013 Eagle Ford operator Bakken 100 Eagle Ford 2012 Marcellus operator Marcellus 2011 Bakken operator 50 2010 Eagle Ford - 2008 Marcellus JV 4
Increased value (US onshore well manufacturing) Drilling time reductions per well from 2012 to 2013: BAKKEN Total well cost 90% of upstream capex, 25% to 50% reduced drilling cost, 30% to 50% reduced drilling time Days per…
The way forward Continuous focus on cost, Fast-track identification, Prioritised development of efficiency and optimisation of development and potential game-changing operations implementation of short-term technologies technology…
The Marcellus: an onshore giant One of the largest gas fields in the world Production 420 M cubic meters/day 14*106 M cubic meters (500 tcf) Forecast 840 M cubic meters/day by 2030 Statoils position 2448 sq kms. Operator of 368 sq…
Midstream: capturing value in the US market Tennessee Z4-300 Secured access from northern Leg Price Area Marcellus production area to premium markets in Toronto and New York Pipeline capacity of 320 000 MMBtu/day1) to Toronto region…
Loading...
