1. Ireland faces major energy challenges around security of supply, developing a low-carbon economy, and competitive pricing.
2. The development of Ireland's domestic energy resources like Corrib gas and investment in infrastructure are critical needs.
3. Ireland's energy challenges will provide many opportunities for engineers in areas like infrastructure, renewable technologies, hydrocarbon exploration and development.
1. Copyright: Shell Brands International AG 2008 4/27/2010
What s
What’s next for Ireland’s engineers?
Ireland s
Challenges and opportunities in the energy sector
g pp gy
Terry Nolan, Managing Director, Shell E&P Ireland
Engineers Ireland Conference 2010
2. Challenges and Opportunities in the Energy
Sector
• Shell International – company profile
• Global energy trends
• Ireland’s energy challenges
Ireland s
• Corrib Project Update - Video
• Opportunities for Ireland’s engineers
3. Royal Dutch Shell Profile
• Active in more than 100 countries
• 102,000 employees
• 23,000 engineers
• 3.2 million barrels of oil equivalent per day
• $28bn net capital investment in 2010
4. Global Energy Future
Three Hard Truths
• Energy demand is surging
• Supplies will struggle to keep pace
• Environmental stresses are increasing
5. The World’s Energy Challenge
RISING GLOBAL ENERGY DEMAND CHANGING ENERGY MIX
100 = global primary energy demand 2000 Million barrels oil equivalent per day
300
400
high
300
low
200
high
low 200
100
100
0
0
2000 2025* 2050* 2000 2025*
Coal Gas Large Scale Hydro
Oil Nuclear Alternative Energy
* Shell estimates
6. Ireland’s Energy Challenge
• Security of supply
• Reduced dependency on imports (92% at present)
• Low-carbon economy
• Meeting Kyoto 2020 targets and beyond
• Competitive pricing
• Essential for long-term economic development
7. Ireland’s Energy Challenge – what’s
needed
• Faster development of Ireland’s energy resources
• More oil and gas exploration offshore Ireland
• Investment in energy infrastructure
• Further shift to natural gas and renewables from coal and oil
• Efficient and transparent regulatory framework
8. Deep Offshore - Hydrocarbon Potential?
Northern
Hatton
Aberdeen
North Sea
Basin
Rockall
High Dublin
Corrib
Corrib
Rockall Irish Mainland
Galway
Trough Platform
Porcupine
Fasnet Kinsale
High
Basin
Porcupine
Basin
9. Pushing the boundaries
Shell Exploration Offshore Ireland Shell Perdido – Gulf of Mexico
Drilling 1720 metres water-depth Producing in 2450 metres water-depth
10. Ireland’s Energy Challenge – what’s
needed
• Faster development of Ireland’s energy resources
• More oil and gas exploration offshore Ireland
• Investment in energy infrastructure
• Further shift to natural gas and renewables from coal and oil
• Efficient and transparent regulatory framework
12. Opportunities for Ireland’s engineers
• Ireland’s energy challenges bring many opportunities
• Energy infrastructure and utilities
• Technologies for energy conservation and efficiency
• Hydrocarbon exploration and development
• Renewables
• E i i skills (
Engineering kill (e.g. civil, mechanical, electricall and
i il h i l l ti d
project management) a prerequisite to meeting our energy
challenges
13. Opportunities for Ireland’s engineers
• Many integration opportunities between renewables and
oil/gas developments
• Offshore and structural engineering
• Regulatory planning and environmental management
• Critical mass required to create world-class service industry
in energy sector
gy
• Example - Aberdeen now providing worldwide offshore engineering services
• Can we re create this in Ireland?
re-create
14. Summary
• Ireland’s energy sector faces huge challenges
• Corrib Gas delivery is critical to Ireland’s energy supply
• Faster development of Ireland’s energy resources and
p gy
infrastructure is needed
• Energy challenges will p
gy g provide g
great opportunities for Ireland’s
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engineers