The business area is divided into seven business units, and, in addition to operations on the Norwegian continental shelf, the business area also acquire responsibility for all drilling and well activities in the new company.
The seven business units are:
- Exploration
- Reserve replacement and business development
- Operations West
- Operations North Sea
- Operations North
- Drilling and well
- Operational
- development
The business area has staffs for Economy and finance, Communication, Health, environment and safety and people and organisation.
Operations North Sea
The Operations North Sea area covers most of StatoilHydro’s production activity in the North Sea. Our producing fields in the Operations North Sea are Troll, Fram, Sleipner, Kvitebjørn, Visund, Grane, Brage, Veslefrikk, Huldra, Glitne, Volve, Heimdal and Vale. The area is dominated by the production of natural gas, as 60% of the equity production in 2007 was gas. The petroleum
reserves are located in water depths of between 80 and 330 metres. There is high focus on increasing and prolonging production in the area. Improved oil recovery and field exploration and development have priority. In late 2007, our application for extension of the licence period in the Sleipner area until 2028 was approved, which is expected to have a positive impact on the economic life of the infrastructure in the area.
Operations West
The Operations West area is responsible for a compact geographic area in which StatoilHydro is the sole operator. The main producing fi elds in the area are Statfjord, Gullfaks, Snorre, Oseberg, Tordis and Vigdis. Operations West is the leading oil producing area on the NCS. Even after twenty years of production, we believe there are still substantial opportunities for increased value creation. We have taken several initiatives to identify and implement
measures to increase and prolong production from the Operations West area.
These initiatives involve a combination of cost reductions and increased oil recovery, and they have resulted in a prolongation of planned production beyond the current licence period for several of the fields.
Operations North
Our producing fields in the Operations North area are Åsgard, Mikkel, Heidrun,
Kristin, Norne, Urd, Njord and Snøhvit. This region is characterised by petroleum reserves located at water depths of between 250 and 500 meters. The reserves are partly under high pressure and at high temperatures. These conditions have made development and production more difficult and have challenged the participants to develop new types of platforms and new
technology, such as fl oating processing systems with subsea production templates. We plan to increase effi ciency by further coordinating our operations in the area and by stemming the decline in production from the mature fi elds through increased seismic activity and well maintenance. In
addition, we intend to expand our activities by utilising our installed production
and transportation capacity before building new infrastructure.
