Introduction to panel session

How to leverage competence from oil
and gas into renewables?
Fornybarkonferansen 28 April 2015
Lars Johannes Nordli, VP Renewable Energy, Statoil
Energy Perspectives – The Renewable market
Renewable will see the strongest growth
Incremental power generation toward 2040
• Power market 2014: Renewables
outnumbered conventional capacity addition
• Growth rate of 9% p.a. towards 2040*
• Wind playing lead role
− capacity to expand by almost five
times**
− ~25% of new power generation added
• Offshore to constitute ~20% of global wind
power – with accelerated force post 2020
*Source: IEA, Statoil , all figures for 2040 **Source: ExxonMobil
Classifi
3
cation:
Source: IEA, New Policies Scenario
Offshore wind – Global market potential
The market opportunity
Gross annual capacity addition [MW]
• Current installed capacity - 9GW
• Potential - 100 GW by 2030
• Capex ~ 3500 bill NOK, OPEX in addition
• Key markets
− Europe  North Sea Basin
− China
• Emerging opportunity in floating
− Japan
− US
Source: Bloomberg New Energy Finance
4
Classification: Internal
2015-02-09
A typical offshore wind project of today
• Size: 300-500 MW
• Capital Investments: 1.5 - 2 bill EUR
• 4 years to develop – 3 years to build
• 6 MW turbine
− Nacelle at +100 m
− >150 m rotor diameter
• 100 000 t of steel / 25 000 t eq. mnt
• >300 people working offshore
• 5000 vessel days, up to 30 vessels
• 30 000 offshore lifts – 1500 large lifts
• Powering 400 000 households
*60 - 80 wind turbines
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Classification: Internal
2015-02-09
Siemens 6 MW at Dudgeon
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Classification: Internal
2015-02-09
Playing at our strengths
• Large complex projects incl multi
contracting interface
• Marine operations – key!
• Understanding subsurface - linked to
load effects
• O&M ability – preventive maintenance
and offshore operations
• Understand technology risks and use
• HSE awareness
• The resource pool
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Classification: Internal
2015-02-09
Summary – Offshore wind and O&G sector
• Attractive growth market with global
perspective
• Still early development – ability to position
• O&G experience differentiate – seen as
valuable partner
• Statoil to develop material and industrial
position (in whole value chain)
• Continue to focus on technology
• Norwegian supplier industry can contribute
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Classification: Internal
2015-02-09
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Statoil cannot accept any liability for any
inaccuracies or omissions.
Presentation title
Lars Johannes Nordli
Vice President
E-mail address: [email protected]
www.statoil.com
9
Capitalise on lessons learnt - Scira
Classification: Internal
2013-06-13
Deciding factors for energy policy –
«The energy trilemma»
Affordability
Security of supply
Decarbonisation
Job creation
11
Classification: Internal
2014-08-13
Size of wind turbines
Source: EWEA
12
Classification: Internal
2014-03-17
Competiveness of Renewable
Continued to improve in 2014
Source: IRENA 2014
Classifi
13
cation:
Project pipeline
Starting to expand our business case
Increase Portfolio
Current Portfolio
Japan
North West Europe
US
2.3MW
Hywind
Demo
In operation
2009-
317MW
1.11 Twh / yr
Sheringham
Shoal
In operation
2012-
402MW
1.7 Twh / yr
30MW
0,14 Twh / yr
Dudgeon
Hywind
pilot park
FID
Construction and
installation phase
2017
Concept selection
2017-
2020-
Dogger
Bank
1200MW
each project
Hywind
Commercial
Park