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Our business context. Energy demand continues to accelerate as developing world populations and economies expand, with fossil fuels playing key role Keener competition , both economically and technologically , for access to oil and gas resources - PowerPoint PPT Presentation
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Our business context • Energy demand continues to accelerate as developing world populations and
economies expand, with fossil fuels playing key role
• Keener competition, both economically and technologically, for access to oil and gas resources
• Research that can be translated into innovative solutions to practical problems is a key component to face nowadays challenges.
The ‘‘Norwegian Model’’: The effect of administrative design on oil sector
performance
Norway has administered its petroleum resources using three distinct government bodies:
•A national oil company engaged in commercial hydrocarbon operations
•A government ministry to direct policy
•A regulatory body to provide oversight and technical expertise
The ‘‘Norwegian Model’’: The effect of administrative design on oil sector
performance
• Statoil – stock listed but partly government – owned
•Ministry of Petroleum and Energy
•NPD – Norwegian Petroleum Directorate, issuing E&P licenses
with the help of
• Petoro
•Norway’s Government Pension Fund
Developing unconventionals is key to meet growing
energy demand
Always aim for the moon, even if you miss, you'll land
among the stars.
W. Clement
Technology roadmap to boost economics and reduce
environmental footprint of oil sands
Apply technology to expand in unconventionals
Bringing together scientists and businessmen
• Different languages• Different priorities• Different views
Not much patience and time to build up productive synergies.
There is a missing link, someone that speaks fluently to both worlds and is able conciliate
the differences.
Research Centers and Specialized Consultancy
The final goal
Integrated workflow
Applications
feedback
Theory
General framework and
integrated workflows
Fund
amen
tal r
esea
rch
Applications
Universities
Industry
Research Institutes
or
Specialized Consultancy
Multidisciplinary collaboration
The potential of Romania in Oil & Gas business
• Enhance Oil Recovery (EOR) (chemical, gas injection and thermal)
• Big potential in Romania due to the existent mature fields
• Heavy Oil – Steam Assisted Gravity Drainage (in the North part of Romania)
• CO2 injection related with the Carbone Capture and Storage (CCS) (in the South part of Romania)
• Exporting the ‘‘Norwegian Model’’: The effect of administrative design on oil sector performance, 2011, Mark C. Thurber et al, Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305, USA.
• http://www.imf.org/external/pubs/ft/survey/so/2008/pol070908a.htm Norway's Oil Fund Shows the Way for Wealth Funds.
• “The future of Carbon Capture and Storage in Europe” – Public Communications
• www.statoil.com and corporate strategy presentations.
Thank youPower Summit 2013
Remus Hanea
Crossing Energy frontiers
rhane@statoil.com, phone: +4746836687
www.statoil.com
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