Sustainable Subsea Repsol Norge perspective on Subsea Innovation - - PowerPoint PPT Presentation

Sustainable Subsea

Repsol Norge perspective on Subsea Innovation Subsea Innovation Day 28 April 2020

Repsol Norge AS

Repsol: a unique, integrated global position

• 1. As of 31/12/2018. 2. Includes 1.2 Million tons of Ethylene and 1.4 Million tons of other base Chemicals

Upstream Downstream Both

Core businesses: Upstream and Downstream 1 Million bpd refining capacity ~2.6 Million tons of base chemicals2 capacity ~715 kboe/d production ~2.3 billion boe proved reserves1 ~4,800 service stations

Exploration:

‒ Portfolio in the Barents- and North Sea ‒ Period of reduced activity

Development:

Operated assets: ‒ Yme, 55.0% ‒ Vette, 40%

Producing:

Operated assets: ‒ Blane, 18.0% ‒ Rev, 70.0% Non-op assets: ‒ Brage, 33.8% ‒ Gudrun, 15.0% ‒ Veslefrikk, 27.0% ‒ Visund, 7.7% ‒ Mikkel, 7,65% ‒ Tambar East, 9.8%

Ceased:

Operated assets: ‒ Varg, 65.0% ‒ Gyda 61.0% Non-op assets: ‒ Huldra, 0.5%

Operational competence and experience throughout the value chain

Repsol Norge AS

Portfolio and projects

Our mission is to be an energy company committed to a sustainable world. More than 25 000 people working toward one common goal: Developing efficient and environmentally sustainable energy systems

Repsol - Net zero emissions company by 2050

In order to achieve the goal, we will:

• Reduce greenhouse gas emissions with

intermediate targets.

• Apply the best available technology.
• Direct all our activities and investments.

Our goal:

We aim to achieve net zero emissions by 2050, making us the first oil and gas company in the world to assume this ambitious goal.

2025 2030 2050 2040

• 10%
• 20%
• 40%

Net zero emissions in 2050 Repsol’s carbon intensity indicator reduction goals

Repsol’s strategy in Norway

“To Repsol, Norway represents an opportunity for sustained growth. We believe we have a lot to contribute with and will continue to create value for the Norwegian society, in a sustainable manner and with a minimum carbon footprint. Our ambition is to become a zero-emission

• perator on the Norwegian Continental Shelf by

2030.” Vidar Nedrebø, Managing Director, Repsol Norge

Steadily increasing value and resilience, lowering carbon footprint and always staying safe.

Focus areas for Repsol in Norway

Lowering carbon footprint Digitalization Value and resilience, always staying safe

Source: NPD (2019 report) https://www.npd.no/

Enableling marginal fields to be cost effective ?

Focus areas for Repsol Norway

Examples of development activities that is supported from Repsol Norway

• Technologies that secure and enhance safety level - always
• Technologies that enables subsea leak detection to be equally robust as topside
• Technologies that enable longer tie-backs and resolves subsea flow assurance challenges – e.g. cold flow
• Technologies that lead to IOR/production optimization
• Standardization of SURF/SPS equipment & subsea construction solutions
• Technologies that improve cost efficient operations – now more than ever

Topics of interest for Repsol Norge

Value and resilience, always staying safe Lowering carbon footprint

• Technologies that reduce power consumption – lowering emmissions and efficiency / cost
• Technologies that reduce vessel-days during installation and operation – efficiency / cost
• Technologies that remove / reduce vessel fuel consumption - lowering emmissions
• Technologies that reduce resource consumption in life cycle – circular economy / additive manufacturing etc.
• All-electric subsea technology

Digitalization

• Technologies that enable efficient value chain – sharing economy / additive manufacturing etc.
• Technologies that enable remote and autonomous operations
• ‘Digital subsea’ technologies - Data-driven analytics and statistics, e.g. virtual flow metering, analytics-driven

subsea issues detection

Thank you!