climate adaption and the petroleum industry

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Climate adaption and the petroleum industry Tore Killingland Director strategy and environment

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Climate adaption and the petroleum industry. Tore Killingland Director strategy and environment. The petroleum Sectors Role in the Norwegian Economy Percentage shares in 2012. Government net cash flow from petroleum activities as share of total state revenues. - PowerPoint PPT Presentation

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Page 1: Climate adaption and the petroleum industry

Climate adaption and the petroleum industryTore KillinglandDirector strategy and environment

Page 2: Climate adaption and the petroleum industry

2

The petroleum Sectors Role in the Norwegian EconomyPercentage shares in 2012

Gross Domestic Product (GDP)

23%

Government net cash flow from petroleum activities as share of total state revenues

30%

Gross Fixed Capital Formation Total Exports 1)

29% 52%

Source: Statistics Norway and Ministry of Finance

1) Includes oil, gas and pipeline services

Page 3: Climate adaption and the petroleum industry

3

Petroleum production on NCSHistorically and future forecast. Scm o.e.

Historical development Future forecast path from The Revised National Budget 2013

Source: Min istry o f Finance and NPD

1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 2037 2040 2043 2046 2049

0

50

100

150

200

250

300

Mill.

Sm

3 oi

l equ

ival

ents

0

50

100

150

200

250

300

Page 4: Climate adaption and the petroleum industry

4

Petroleum production on NCSMill. scm o.e., seasonally adjusted

Source: NPD and Norwegian Oil and Gas

1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013

0,0

2,5

5,0

7,5

10,0

12,5

15,0

17,5

20,0

22,5

25,0

0,0

2,5

5,0

7,5

10,0

12,5

15,0

17,5

20,0

22,5

25,0

Total

Of which, crude oil

Gas

Page 5: Climate adaption and the petroleum industry

Natural gas can contribute to better air quality and to mitigating climate change

5*Power generation efficiencies assumed: Natural gas 55%, crude oil 37%, coal 39%

Page 6: Climate adaption and the petroleum industry

CO2-emissions at the NCS

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Page 7: Climate adaption and the petroleum industry

Ekofisk, - bad weather

7

Page 8: Climate adaption and the petroleum industry

Ekofisk

Page 9: Climate adaption and the petroleum industry

22.04.2023 - PRESENTATION TITLE. INSERT FROM "HEADER & FOOTER"

Insert picture

9

Page 10: Climate adaption and the petroleum industry

10

Åsgard, - both floating

Page 11: Climate adaption and the petroleum industry

Goliat

11

Page 12: Climate adaption and the petroleum industry

Annual mean wind

NVE Offshore wind- report,- about best areas to use

12

Page 13: Climate adaption and the petroleum industry

Wave heights

13

Page 14: Climate adaption and the petroleum industry

Onshore: Snøhvit close to Hammerfest

14

Page 15: Climate adaption and the petroleum industry

Stortingsmelding

15

Page 16: Climate adaption and the petroleum industry

Thank you for your attention!

Page 17: Climate adaption and the petroleum industry

17

Page 18: Climate adaption and the petroleum industry

UK ENERGY IN BRIEF 2012

22.04.2023 - PRESENTATION TITLE. INSERT FROM "HEADER & FOOTER"

18

Page 19: Climate adaption and the petroleum industry

Electrification:Why is it expensive to replace equipment here?

19Bilde: Gyda, Ragnar Ness (Talisman)

Page 20: Climate adaption and the petroleum industry

20

Jotun, - in the mid North Sea

Page 21: Climate adaption and the petroleum industry

21

Alvheim, - in the mid part of the North Sea