Value creation and growth Torgrim Reitan, CFO, Statoil ASA Oslo, 1 September 2011 Pareto 18th Oil & Offshore Conference 1-
A decade of transformation Statoil GoM Petrochemicals StatoilHydro Snhvit Entering US IPO Statoil Peregrino IPO entry divestment merger start-up shale gas Fuel & Retail start-up 2001 2004 2005 2007 2007 2008 2010 2011 From…
Responding from a robust position A robust balance sheet Premier payout ratio Net debt ratio (%) Payout over net income (%) 40 % 104 % 20 % 39 % 58 % 62 % 57 % 29 % 27 % 53 % 52 % 23 % 25 % 46 % 19 % 21 % 36 % 37 % 39 % 15…
A technology focused upstream company Revitalise NCS with high value Continue portfolio barrels Create value from management to a superior gas enhance position value creation Production above 2.5 million boe/d in 2020 Build…
Three high impact discoveries in 2011 Areas with high impact wells Strong deliveries already achieved Early access at scale Angolan pre-salt access* Kazakhstan access** Indonesia farm-in Three high impact discoveries (250 mill…
A new North Sea giant with more to come All-time top 10 oil field found on NCS 500 million-1.2 billion recoverable boe Further upside: Aldous Major North High value barrels, excellent quality Statoil has largest combined equity…
Long term value creation from the NCS Long term low cost producing assets New projects mboe/d 800 Well established infrastructure Large resource base and yet to find 0 2011 2020 Predictable fiscal and political framework Stable…
A premium project portfolio Capital intensity* Capex (USD) per boe Top-tier exposure to high impact projects Industry 7.5 Statoil 7.4 Participating in 41 out of the 330 projects to change the world* Profitability* NPV(USD) per…
Building 2.2 million boe/d in new capacity Start-up 2011-2012 Start-up 2013-2016 Start-up 2017-2020 400 1100 700 Installed capacity** Installed capacity** Installed capacity**…
Production above 2.5 million boe/d in 2020 Other options First growth wave 2011-2012 2.5 Second wave of growth from 2014 Exploration to 2016 Pre-sanction Growth accelerates 2-3%* 3-4%* 3%* IOR towards 2020 Sanctioned…
Summary Robust financial position Technology focused upstream company Clear strategy for continued growth Delivering on strategy with giant finds Revitalising NCS with high value barrels Investing in premium projects Production…