Waking the sleeping giant

1

Johan A Johansen, VP Operations, Statoil Aberdeen

Statoil in Aberdeen

• 2007: Acquisition of Mariner and Bressay

• 2012: Mariner investment decision

• 2013: UKCS operations moved to Aberdeen

• 2016: Moving into new office in Kingswells

• Heavy recruitment for UKCS operations

− May 2014: >100 employees

− 2016: 700 on- and offshore, contractors included

2

«A long and winding road»

• Gross investment >USD 7 billion (~ £4.5 billion)

• 2 billion boe in place, > 250 million boe reserves

• Plateau production of around 55,000 boe/d

• Production for 30 years

• Platform on steel jacket, floating storage unit.

Mariner: A major new UKCS development

4

More than 130 well targets

• Additional jack-up rig for the first 4-5 years

• Multi lateral wells

• POB 160 +120 +25 = 295

Project on track

• 2013: Start of jacket construction

• 2014: Start of topsides construction

• 2015: Jacket installation

• 2016: Hook-up and commissioning

• 2017: First oil

Thank you for the attention