StatoilHydro's petroleum production outside Norway amounted to an average of 290 mboe per day of entitlement production and 465 mboe per day of equity production in 2008. The total annual entitlement production in 2008 was approximately 106 mmboe, compared with 112 mmboe in 2007.
For the year ended 31 December |
| |
2008 |
|
2007 |
|
2006 |
|
Oil and NGL |
Natural gas |
|
|
Oil and NGL |
Natural gas |
|
|
Oil and NGL |
Natural gas |
|
| Production |
mbbl |
mmcm |
mboe |
|
mbbl |
mmcm |
mboe |
|
mbbl |
mmcm |
mboe |
| |
|
|
|
|
|
|
|
|
|
|
|
| Total |
232 |
9 |
290 |
|
252 |
9 |
307 |
|
194 |
6 |
234 |
The first table shows our average daily entitlement production of oil, including NGL and condensates, and natural gas for the years ending 31 December 2008, 2007 and 2006.
New fields that came on stream in 2008 were Mondo and Saxi-Batuque in Angola, Deep Water Gunashli in Azerbaijan, Agbami in Nigeria and South Pars in Iran. In addition we purchased a 32.5% interest in the Marcellus shale gas acreage in the USA.
| |
|
|
|
|
|
|
| Canada: Hibernia |
5.00% |
HMDC |
1997 |
2027 |
31 |
1 |
| Canada: Terra Nova |
15.00% |
PetroCan |
2002 |
2022 |
15 |
0 |
| USA: Lorien |
30.00% |
Noble |
2006 |
2012 |
2 |
0 |
| USA: Front Runner |
25.00% |
Murphy Oil |
2004 |
2010 |
6 |
0 |
| USA: Spiderman Gas |
18.33% |
Anadarko |
2007 |
2012 |
3 |
0 |
| USA: Q Gas |
50.00% |
StatoilHydro |
2007 |
2014 |
1 |
0 |
| USA: San Jacinto Gas |
26.67% |
ENI |
2007 |
2012 |
2 |
0 |
| USA: Zia |
35.00% |
Devon |
2003 |
2008 (1) |
1 |
0 |
| USA: Seventeen Hands |
25.00% |
Dominion |
2006 |
2010 |
1 |
0 |
| USA: Marcellus shale gas |
32.50% |
Chesapeake |
2008 |
n/a |
24 |
4 |
| |
| Venezuela: Sincor (2) |
15.00% |
Sincor |
2001 |
2008 |
n/a |
n/a |
| Venezuela: PetroCedeño (2) |
9.68% |
PetroCedeño |
2008 |
2032 |
351 |
71 |
| |
| Algeria: In Salah |
31.85% |
Sonatrach/BP/StatoilHydro |
2004 |
2027 |
30 |
4 |
| Algeria: In Amenas (3) |
50.00% |
Sonatrach/BP/StatoilHydro |
2006 |
2022 |
16 |
8 |
| Angola: Kizomba A |
13.33% |
ExxonMobil |
2004 |
2026 |
29 |
1 |
| Angola: Kizomba B |
13.33% |
ExxonMobil |
2005 |
2027 |
22 |
1 |
| Angola: Xikomba |
13.33% |
ExxonMobil |
2003 |
2027 |
4 |
0 |
| Angola: Marimba North |
13.33% |
ExxonMobil |
2007 |
2027 |
2 |
0 |
| Angola: Mondo |
13.33% |
ExxonMobil |
2008 |
2029 |
8 |
1 |
| Angola: Saxi-Batuque |
13.33% |
ExxonMobil |
2008 |
2029 |
6 |
1 |
| Angola: Girassol/Jasmim |
23.33% |
Total |
2001 |
2022 |
24 |
0 |
| Angola: Dalia |
23.33% |
Total |
2006 |
2024 |
18 |
4 |
| Angola: Rosa |
23.33% |
Total |
2007 |
2027 |
12 |
0 |
| Libya: Mabruk (4) |
25.00% |
Total |
1995 |
2028 |
48 |
1 |
| Libya: Murzuq (4) |
2.40% |
Repsol |
2003 |
2023 |
104 |
5 |
| Nigeria: Agbami |
18.85% |
Chevron |
2008 |
2024 |
7 |
19 |
| |
| Azerbaijan: ACG |
8.56% |
BP |
1997 |
2024 |
52 |
2 |
| Azerbaijan: Shah Deniz |
25.50% |
BP |
2006 |
2031 |
4 |
1 |
| Russia: Kharyaga |
40.00% |
Total |
1999 |
2032 |
14 |
2 |
| UK: Alba |
17.00% |
Chevron |
1994 |
2018 |
36 |
0 |
| UK: Caledonia |
21.32% |
Chevron |
2003 |
2018 |
1 |
0 |
| UK: Jupiter |
30.00% |
ConocoPhillips |
1995 |
2010 |
15 |
0 |
| UK: Schiehallion |
5.88% |
BP |
1998 |
2017 |
21 |
1 |
| |
| China: Lufeng |
75.00% |
StatoilHydro |
1997 |
2011 |
4 |
|
| Iran: South Pars |
37.00% |
POGC |
2008 |
2012 |
30 |
|
| |
| |
|
|
|
|
|
|
(1) Held by production
(2) On 9 February 2008, Sincor in Venezuela was transformed into an incorporated joint venture known as Petrocedeño, S.A. and partially nationalized. Our share was reduced from 15% in Sincor to 9.68% in Petrocedeño.
(3) Production under the terms of the In Amenas PSA commenced December 2006
(4) Renegotiations of PSAs by the NOC in Libya have resulted in a reduced equity share. Our equity share of production in Murzuq was reduced from 8.0% to 2.4% effective as of 1 January 2008. Renegotiations are ongoing for Mabruk |
| North America |
|
|
| Canada |
22.3 |
22.3 |
| USA |
17.6 |
17.5 |
| |
|
| Latin America |
|
|
| Venezuela: Sincor (3) |
1.0 |
1.0 |
| |
|
| Africa |
|
|
| Algeria |
65.7 |
30.4 |
| Angola |
204 |
117 |
| Libya (4) |
11.0 |
5.2 |
| Nigeria |
7.7 |
7.7 |
| |
|
| Europe, Caspian and Russia |
|
|
| Azeribaijan |
100 |
56.4 |
| Russia |
7.7 |
5.7 |
| UK |
9.1 |
9.1 |
| |
|
| The Middle East and Asia |
|
|
| China |
1.7 |
1.6 |
| Iran |
0.8 |
0.8 |
| |
|
| Subtotal International E&P production |
449 |
275 |
| |
|
| Equity accounted production |
|
|
| Venezuela: PetroCedeño (3) |
15.7 |
15.7 |
| |
|
| Total International E&P including share of equity accounted production |
465 |
290 |
| |
|
|
(1) In PSA countries our shares of capital expenditures and operational expenses are computed on the basis of equity production
(2) Production figures are after deductions for royalties, production sharing and profit sharing
(3) On 9 February 2008, Sincor in Venezuela was transformed into an incorporated joint venture known as Petrocedeño, S.A. and partially nationalized. Our share was reduced from 15% in Sincor to 9.68% in Petrocedeño. As of the date of migration our share has been accounted for pursuant to the equity accounting method.
(4) Renegotiations of PSAs by the NOC in Libya have resulted in a reduced equity share. Our equity share of production in Murzuq was reduced from 8.0% to 2.4% effective as of 1 January 2008. Reported volumes are after old equity share and there has been a cash settlement for the difference. |
