Strategic White Paper. Company: Statoil. Presence: CIS, Africa, Europe. Focus: Trans-Adriatic Pipeline (TAP) consortium.
Statoil is a Norway’s company that offering customers “spot” prices instead of one’s indexed to the oil price. This is mainly their competitive advantage. it operates 16 offshore blocks and invests in 504 offshore wells. Statoil produces 2 million barrels of oil equivalent per day, 1.5 million of which are produced in Norway.
In the CIS, Statoil is aggressive in Azerbaijan and holding licenses in Kazakhstan market. Statoil is part of the Trans-Adriatic Pipeline (TAP) consortium to pipe Azeri gas to the European Union. This consortium is developing the giant Shah Deniz II field in the Azeri waters of the Caspian Sea. Its leading members are Azerbaijan's state-owned SOCAR, Norway's Statoil and BP.The going on revolution in unconventional gas production from shale beds is impacting the balance of power between Russia and its European customers. In the mean time, America, as a new world’s biggest gas producer, and a potential big exporter, is pushing down the price of gas on the world market.Based on the Economist, the "Shah Deniz II field is not only further reducing European dependence on Russian supplies. Also, Europeans are finding they have bargaining power: Bulgaria recently negotiated a 20% price cut in its new ten-year contract with Russia. Poland and Ukraine are intent on developing their own supplies of shale for strategic as well as economic reasons. TAP will carry Azeri gas from Turkey's border to Greece to the southern tip of Italy, passing through Albania and through the Adriatic Sea."If you need insight in who is who within Statoil, or insight on the Shah Deniz II filed or the TAP project, let me know.
No comments:
Post a Comment