Cat J

New tailor-made jack-up rigs

Background

NCS realities

Maintain current production level until 2020

Current market situation
High development cost Ageing rig fleet High entry barriers

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

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

Driving technology and innovation in the rig market

Rig categories

Cat A

Cat B

Cat C

Cat D

Cat J

Light wireline Coiled tubing TTRD sidetrack drilling Demanding wireline Drilling and completion Well workover

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

Cat J

New rig design

Purpose-built rig and equipment Designed in collaboration with the industry Proven technology

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

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

Possibilities

Cat J

Industrialisation

New sourcing approach

From fixed platform drilling to subsea wells Long-term contracts secure predictability for contractors and operator Lowering risk for suppliers while securing rig capacity Rejuvenating rig fleet Providing sustainable cost competitiveness

Finance

Ownership in licenses
Statoil will promote ownership of rigs in licenses with long term work programs Licences financial commitment is a key to 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

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

Thank you!
New tailor-made jack-up rigs www.statoil.com