13 Oil Supply 60 50 Billion Barrels per year 40 30 20 10 0 1930 1950 1970 1990 2010 2030 2050 Past Discovery Future Discovery Production WF10975 p4 04.10
14 World Population 10,000 9,150 9,000 8,309 8,000 6,909 World Population 7,000 6,000 5,290 5,000 4,000 3,686 3,000 2,529 2,000 1,000 0 1950 1970 1990 2010 2030 2050 ..expected to continue WF10987 p9…
15 Demand for Oil United States 300 million 20.5 million bbl/d 25 bbl/capita/year China 1.3 billion 8.0 million bbl/d 2.2 bbl/capita/year India 1.1 billion 3 million bbl/d 1 bbl/capita/year WF10975 p2 04.10
16 China - Car Market Car ownership per 1000 capita: United States 800 35 China Chinese Automobile Fleet 80 80 70 70 60 60 Million Cars 50 50 40 40 30 30 20 20 10 10 0 0 1990 1992 1994 1996 1998 2000…
17 Oil to Remain Dominant Other 9.8% Hydro 2.2% Renewable 0.7% Nuclear 5.9% Oil Coal/Peat 26.5% 34% Gas 20.9% Total Primary Energy Supply 2007 88.4 Billion boe(1) WF10987 p10 04.10 source: IEA (1)
20 Spin-off of UK Assets Lundin Petroleum Petrofac Shareholders Shareholders 55% 45% Petrofac UK Assets UK Assets Profit of USD 350 million WF10987_2 p2 04.10
21 Reserves Growth 300 Reserves Replacement Ratio of 361% 26% increase last year 250 200 MMboe 150 100 50 0 1.1.2003 1.1.2004 1.1.2005 1.1.2006 1.1.2007 1.1.2008 1.1.2009 1.1.2010 WF10987_2 p3 04.10
22 Reserves and Contingent Resources 2P Reserves Contingent Resources 285 MMboe 256 MMboe TOTAL RESOURCES 541 MMboe WF10987_2 p4 04.10
25 Major Position Built through Organic Growth Production licences Third largest company in Norway Exploration licences Norway number of licences 45 40 New APA 2009 Award 35 30 25 20 15 10 5 0 03 04…
26 Norway - Proven Track Record Discoveries up to year end 2009 5 Finding Cost USD/boe 4.8 Success Rate 45% WF10989 p2 04.10
27 Norway - 3 Key Areas Barents Sea Area Greater Alvheim Area Greater Luno Area Barents Sea Area Greater Alvheim Area Greater Luno Area 2009 APA award WF10757b 03.10
28 South East Asia - Building a Core Area THAILAND TOTAL CAMBODIA VIETNAM Exploration Licences: 8 Direct Joint Studies: 1 Block 06/94 SB303 Production Licences: 3 Total Prospective Resources: 426 MMboe Baronang Sabah Area…
29 Russia - Lagansky Block in Northern Caspian RUSSIA Morskaya - major oil discovery in 2008 Kazhakstan Sea Caspian Mongolia China Kazakhstan 100 tcfg Russia Astrakhan Atyrau Morskaya Oil Field Gas…
30 CSR and the Environment WF10987_2 p5 04.10
31 CSR and the Environment - Russia WF10987_2 p6 04.10