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offshore seminarie: NCS
1. Oil & Gas EP on the Norwegian Continental
Shelf (NCS)
2014
Selim Stahl, April the 25th 2014
2. EP in Norway
- 3rd EP cycle
- About 60% of the Oil & Gas remain to be
pumped out
- $33 bill/yr in EP
3. Easy oil/gas is gone
- Deepwater & Ultradeepwater
- Arctic areas
- Investments in Mature reservoirs (Enhance Oil
Recovery EOR)
4. Norway O&G tax regime
- Oil & Gas leases to BEST bidder, not to the
highest bidder
- 78% of Exp cost are reimbursed by the state of
Norway
- Norwegian state revenues = %prod. profit +
%equity projects + Statoil dividends
- 50% tax on offshore Oil&Gas profits
- Norway thinks profits tax > gross-based royalty
- 100 % of revenues => Sovereign wealth fund
5. Norway NOx fund
- Tax €2/kg Nox
- €80 Mill. Fund available for Nox reduction
measures
- 2 leading Norwegian tech. Cluster: LNG & HVDC
6. Integrated operations (IO)
- Real time data from the field to shore (ICT) …and
all along the value chain
- HVDC in Norway
- Arctic areas
Field
7. Summary
- Norway is a GAS province
- Arctic Regions now oppened
- Investments in Mature fields (EOR)
- Subsea systems and IO from exeptions to norm