Well into the future
Petoro wants to see a halving of drilling costs and a doubling in the annual number of production wells drilled from fixed installations in order to ensure that small discoveries and improved recovery can pay. Broad industrial agreement exists that the cost problem must be overcome collectively. Read interviews on the drilling and well issue below.
Read interview with Petoro
Read interview with Statoil
Read interview with Schlumberger
Read interview with BG
Johan Sverdrup revitalises the industry
“It’s a long time since we could count barrels in the billions,” says Øivind Reinertsen, senior vice president for Johan Sverdrup at Statoil. “Our children and grandchildren will be working with this field,” adds his Petoro opposite number, Jan Terje Mathisen.
Mature Snorre and virgin Johan Castberg
Happy in their work
Niklas Trones must pinch himself at the opportunities opened up for him after being thrown in at the deep end in Petoro. He says this means he must swim fast. “You do that,” reassures his more experienced colleague Line Geheb.
Expertise – strategic competitive edge
“Our ability to exploit the individual’s expertise in a collective manner will encourage the development of new ideas and better solutions,” says Nashater Deu Solheim, vice president for strategy and organisation in Petoro.
Instrument for value creation
Petoro is tasked with maximising the value of the State’s Direct Financial Interest in petroleum resources and associated facilities on the NCS. Representing a third of the combined reserves, this portfolio was worth NOK 1 234 billion at 1 January 2014.