Stepping up efficiency improvements London, 6 February 2015 Classification: Internal 2012-10-24 Margareth vrum, EVP, Technology, projects and drilling
Key messages Continuing to deliver predictable and competitive project execution Making strong progress on efficiency programme Stepping up efficiency target by 30% 3
Predictable and competitive project execution Delivering projects on cost1) ...on time and with solid safety results 110% 107% 105% 103% 100% 100% 100% 99% 99% 95% 90% 2009 2010 2011 2012 2013 2014 Gudrun Valemon…
Efficiency improvements on track target up 30% Realised USD 0.6 bn in efficiency improvements in 2014 Capex efficiency savings1) Improvement Additional target CMU3) 2015 target Target CMU 2014 1.5 Drilling time per Achieved 2014…
Increased drilling efficiency Improved offshore drilling efficiency Improved well deliveries in 2014 [Drilled meters per day] Reduced time per offshore well1) 86 +21% 81 Leaner well design 16 75 75 70 71 Standardised wells…
Delivering more than 10% capex reductions1) Johan Sverdrup Johan Castberg Tanzania offshore TANZANIA OFFSHORE Efficient development solutions and improved Capex reduced by USD 2.5 bn, ambition to Concept cost reduced 30% by…
Significantly reduced modification cost Cost reduction Modification1) cost down 24% as a result of 25 Stricter prioritisation 40% 20 -24% Leaner scope Troll A - fire & gas detector 15 Increased productivity Cost reduction…
Trend shift for NCS field cost1) Low unit production cost 2) NCS field cost improvements -6% 0 5 10 15 20 25 30 35 2011 2012 2013 2014 Forecast Target 2015 2016 1) Norwegian continental shelf field cost = installation subsea…
Substantial production efficiency (PE) improvements Less unplanned losses at operated portfolio Sustained PE improvements % unplanned losses 14 More robust installations with less 12 unplanned losses 10 8 Strong execution of…
Building blocks for future competitiveness 1 Further standardisation 2 Targeted technology development Subsea plug and play 3 Capitalising on market opportunities 4 Operational excellence 11
Key messages Continuing to deliver predictable and competitive project execution Making strong progress on efficiency programme Stepping up efficiency target by 30% 12
Loading...
