Arctic development challenges - partnerships among industry & governments. Tim Dodson, Executive Vice President Exploration Statoil ASA, Norway

1. SP02 – Arctic development challenges - partnerships among industry &
governments
Tim Dodson
Statoil ASA, Norway
A collaborative approach to the Arctic
Executive Vice President Exploration
Moscow, Russia | 15-19 June, 2014

2. Moscow, Russia | 15-19 June, 2014
Stretch ArcticWorkable Arctic Extreme Arctic
• Requirement for
incremental innovation
and technology
development
• For example North West
Greenland
• Oil & gas activities
possible with today’s
technologies
• For example Southern
Barents Sea and East
Coast Canada
• Requirement for radical
innovation and
technology development
• For example North East
Greenland
There is not one Arctic

3. Moscow, Russia | 15-19 June, 2014
Statoil positions
Newfoundland
Norwegian Barents Sea
Russian Barents Sea
Okhotsk Sea
Chukchi Sea
West Greenland
East Greenland
Statoil well positioned in the Arctic

4. Moscow, Russia | 15-19 June, 2014
Climatic conditions Health and safety Environment Remoteness
Safe and sustainable operations
The Arctic challenges

5. Moscow, Russia | 15-19 June, 2014
Licence to operate
 Trust is the new currency. Society is
expecting more transparency from our
industry
Innovation
 We need more innovative technology and
business models to succeed in the Arctic
Collaboration
 Nobody can survive alone in the Arctic
How to succeed in the Arctic

6. Moscow, Russia | 15-19 June, 2014
• 10 companies
• Aim to further build
on existing research
• Improve the
technologies and
methodologies
• Cat-I rig concept
• Statoil and suppliers
working together
• Combining
operational
experience, supplier
knowledge and R&D
• 33 companies join
forces for seismic
acquisition
• Reduces cost and
impact
• Statoil operator
Creating value through collaboration

7. Moscow, Russia | 15-19 June, 2014
 There is not just one Arctic
 Collaboration is key to manage cost and risk
 Licence to operate is imperative