A reminder of the fundamentals of our industry 160 Peregrino 140 Gudrun 120 Gja Snhvit Statfjord 100 Valemon 80 Tor Gullfaks Fram Glitne 60 Brage Ekofisk 40 20 0 1970 1973 1976 1979…
First quarter 2015 Solid adjusted earnings and cash flow in a low price environment IFRS results significantly impacted by impairments Cautious price outlook reflecting market uncertainty Strong operational performance and…
Safety and security Serious incident frequency Number of serious incidents per million work-hours, last 12 months 2.5 2.2 2 1.9 1.5 1.4 1 1.1 1.0 0.8 0.5 0.6 0.6 0 2008 2009 2010 2011 2012 2013 2014 1Q 2015 4
Financial results Adjusted results materially impacted 1Q 2015 NOK bn by lower prices (35.4) (25.6) 48.5 22.9 (15.8) 7.0 Solid operational performance (100%) (100%) (50%) (56%) across the company IFRS results negatively impacted…
Adjusted earnings by segment Statoil group 1) D&P Norway D&P International MPR Adjusted earnings Sustained solid Positive underlying cost Strong contributions from impacted by lower prices operational performance development marketing…
Strong production performance Continued high production regularity Equity production mboe/d Starting and ramping up new fields 2056 1978 1927 6% underlying growth1) Gas Liquids 7 1) Production change YoY adjusted for…
Cash flow 2015 Strong cash generation in 2015 YTD; NOK bn a low price environment One NCS tax instalment paid in 1Q Adjusted net debt to capital employed of 24% 8 1) Income before tax (-24) + Non cash adjustments (70)
Outlook 2015 Capex USD 18 bn1) Production 2% annual organic growth 45 mboe per day Maintenance 95 mboe per day in 2Q Exploration USD 3.2 bn1) 9 1) Assuming NOK/USD of 7.00
Loading...
