Titel der Präsentation - AHK

Norsk-Tysk Energikonferanse 2014
Securing energy supplies in Europe
Olaf Mager
Head of External Communications
RWE Dea
RWE Dea: an overview
Norway
United Kingdom
RWE Dea Facts & Figures 2013
Denmark
Poland
Ukraine
Ireland
115 years
Germany
17 countries
Canary
Islands
160 licences
230 mn m³ OE* resources
5 mn m³ OE* production
€ 2 bn sales
Algeria
Libya
Turkmenistan
Azerbaijan
Egypt
Trinidad & Tobago
Mauritania
Guyana
Suriname
€ 524 mn profit
€ 634 mn investments
1,443
employees from
50 nations
* OE = Oil Equivalents
RWE Dea 04.12.2014
PAGE 2
RWE Dea in Norway:
Norway
RWE Dea Norge Facts & Figures
United Kingdom
Denmark
Poland
Ukraine
Ireland
41 years
Germany
33 licences
Canary
Islands
0.88 Mio Sm³ liquid production (2013)
0.46 B Sm³ gas production (2013)
Algeria
Libya
Turkmenistan
Azerbaijan
Egypt
Trinidad & Tobago
NOK 2 165 Mio operating result
Mauritania
Guyana
Suriname
NOK 1 392 Mio investments
106
employees
* OE = Oil Equivalents
PAGE 3
A well balanced portfolio
Alta discovery
PL721 (op)
Norway
Exploration
Zidane (op)
Knarr
> Active in “all” NCS areas
> Good mixture of different types of
prospects and leads
> Good track record
> Recent Alta discovery in the
Barents Sea
> Atlas well is being drilled
(operated)
Development
> Zidane (operated)
> Knarr
Atlas well (op)
Production
> Snorre and Gjøa main fields
RWE Dea Oslo, 2 December 2014
PAGE 4
New challenges for gas
Value of gas compared to oil has dramatically
weakened
Norway
$/bbl
p/th
Index
2000=100
> Gas prices has gradually
decoupled from oil since early
2000’s
> The gas price parity has been
at ~ 50% of oil the past 5 years
> The oil industry cost level has
followed the rise in oil prices
> Profitability of current and
future gas projects at risk
*SSB - table 07098: Producer price index for Oil- and Gas
production, mining and power
PAGE 5
The German „Energiewende“
Major Issues
> Lorem Ipsum…
RWE Dea 04.12.2014
PAGE 6
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Germany‘s dependency on gas imports
> Supply German Gas Market 2013
Germany
12 %
Others
6%
Russia
37 %
Norway
20 %
Netherlands
25 %
Source: Wirtschaftsverband Erdöl- und Erdgasverband e.V., Hannover 2013
RWE Dea 04.12.2014
PAGE 8
Europe's dependency on Russian gas
PAGE 9
> Massive opposition to all kind of public infrastructure projects: train stations, airports, grid
connections, nuclear energy, lignite, wind turbines onshore/offshore, oil and gas production,
fracking, etc.
PAGE 10
Fracking is a dangerous folly, its is a diversion on the route to a renewable
energy future and one that will industrialise the countryside, pollute water
sources, contaminate communities and discourage investment in renewables.
PAGE 11
PAGE 12
Public confidence in OGI underminded
– Earthquakes, seismic events
– Mercury & benzene contamination
– Reservoir water recycling
– Mud pits
– Noise Emissions
– Flaring
– Fracking
RWE Dea 04.12.2014
PAGE 13
PAGE 14
PAGE 15
Summary
> Norway enjoys the offshore - “out of site” - advantage
> Norway‘s supplier role with grow
> Germany’s Energiewende questions “licence to operate” for
national gas production
> As a bridge technology gas will dominate the heating market
> Geopolitical considerations will accelerate growth of renewables
RWE Dea 04.12.2014
PAGE 16
Thank you for your attention!