1 -Classification: Internal (Restricted Distribution) Energy realities and climate challenges Hege Marie Norheim, Senior vice president
2 -Classification: Internal (Restricted Distribution) Scale of the challenge Gt 450 Scenario Reference Scenario OECD+ OME OC 3.8 Gt 13.8 Gt Abatement of world energy-related CO 2 emissions in the 450 Scenario CCS - 10% Nuclear - 10% Renewables & biofuels - 23% Efficiency - 57% World abatement by technology, 2030
3 -Classification: Internal (Restricted Distribution) Oil and gas in the future energy mix Share of world primary energy Source: World Energy Outlook 2010, IEA (2010)
4 -Classification: Internal (Restricted Distribution) The climate debate
5 -Classification: Internal (Restricted Distribution)
6 -Classification: Internal Status: Draft CO 2 -emissions per produced barrel, kg Source: OGP; OLF; Energinasjonen Norge North- America Africa Global average 19,0 NorwayEuropeMiddle East Russia Energy efficient oil and gas production Statoil 7,0 * Offshore CO2 tax in Norway approx. 50$/tonn since 1992 *
7 -Classification: Internal (Restricted Distribution) Gas - a competitive low carbon fuel for the future An abundant energy source Cost competitive Most CO2 efficient of all fossil fuel HydroWind Nuclear NCS gas Coal Gas to power in Europe* Life cycle CO 2 emissions per boe, Kg/MWh Statoil - the 2nd biggest gas supplier to Europe Norway Algeria Azerbaijan *Source: OLF: Energinasjonen Norge
8 -Classification: Internal (Restricted Distribution) Making the green journey work Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 per cent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix. Abundant Sustainable Affordable
9 -Classification: Internal (Restricted Distribution) Gas – major reductions NOW Gas-fired vs. coal-fired power CO 2 emissions Source: Deutsche Bank −Gas-fired power emits 70% less CO2 than old coal-fired plants −Renewables market share will grow, but technology development will take time −Gas is the most optimal base-load fuel to balance intermittent renewables supply Emissions old coal plant Reduction new coal plant Reduction with new gas plant Emissions new gas plant
10 -Classification: Internal (Restricted Distribution)
11 -Classification: Internal (Restricted Distribution) Statoil’s carbon capture & storage projects An industrial approach to climate change / ? Sleipner In Salah Snøhvit LNG Test Centre Mongstad Mongstad Full-scale Building up our knowledge and experience Application to new challenges
12 -Classification: Internal (Restricted Distribution) Renewable energy A focused approach utilizing our key competencies Statoil’s focus is to establish a position in markets where the company has natural advantages, particularly within offshore renewable energy
13 -Classification: Internal (Restricted Distribution) Presentation title Presenters name Presenters title address, tel: Thank you