statoil catj pressbrief

7/31/2019 STATOIL CatJ Pressbrief

1/13

Cat JNew tailor-made jack-up rigs


2/13

Background

NCS realities

Operational initiatives

Develop project portfolio

Improved recovery projects

New wells in existing fields

From customisation to

standardisation

Commercial initiatives

Alternative sourcing approaches

Sustainable and competitive cost level

Sufficient fit-for-purpose rig capacity

Maintain current production level until 2020

Current market situation

High development cost

Ageing rig fleet

High entry barriers


3/13

3

Improved oil recovery

Enhancing value

Improved oil and gas recovery

from NCS Enhanced value creation from oil

and gas operations

Extended lifetime for fields The most important measure to

be able to extract more oil is to

drill more wells


4/13

Driving technology and innovation in the rig market

Rig categoriesCat BCat A Cat C Cat D Cat J

Light wireline

Demanding wireline

Coiled tubing

TTRD sidetrack drilling

Well workover

Drilling and completion


5/13

New rig design

Cat J

New rig design optimised

for shallow waters and

harsh environment

Perform 20% more cost

efficient production

drilling on the NCS

Reduce yard delivery cost

by10%

Real impact on improving

oil recovery


6/13

Cat J

New rig design

Purpose-built rig

and equipment

Designed in

collaboration

with the industry

Proven

technology


7/13

HSE mindset

Strong focus on HSE

Designed to prevent

falling objects

High reliability in well

control systems

Focus on competence

and planning skills

All operations 3D

animated up front


8/13

Technical

Specifications

Tailor-made jack-up rigs for

operations in harsh

environment on both

surface and subsea wells

More efficient material

handling on deck

Simultaneous operations

Water depth capabilities

Separate completion and

drilling fluid systems


9/13

Possibilities

Cat J


10/13

Industrialisation

New sourcing approach

From fixed platform drilling

to subsea wells

Long-term contracts

secure predictability for

contractors and operator

Lowering risk for supplierswhile securing rig capacity

Rejuvenating rig fleet

Providing sustainable costcompetitiveness


11/13

Finance

Ownership in licenses

Statoil will promote ownership of rigs in

licenses with long term work programs

Licences financial commitment is a keyto ensure enough fit for purpose rigs on

NCS in a challenging market

Ownership in license creates a market

for suppliers of operational services

Long-term contracts and ownership

ensures predictability for both

contractors and operators


12/13

Cat J in brief

New rig design optimised for shallow waters and harsh environment

Target to be 20% more efficient and reduce yard delivery cost by10%

Real impact on improving oil recovery

Long-term contracts and ownership ensures predictability

Rejuvenating the NCS rig fleet


13/13

New tailor-made jack-up rigs

www.statoil.com

Thank you!

statoil catj pressbrief

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