4th quarter and full year 2011 Oslo, February 8 2012 Helge Lund, President and CEO
2011 operational performance Continued safety Record net operating improvements income Serious Incidents Frequency* 250 Billion NOK (per million work hours) 200 1,30 150 211,8 0.90 100 137,3 121,6 50 0 2010 2011 2009 2010 2011…
Production as expected 2% increase compared to 4Q 2010 Equity production mboe/d Start-up of new fields 1888 1945 1971 1764 1975 1850 1692 Ramp-up from existing fields 766 839 847 616 640 826 732 Value creation from gas…
Adjusted earnings NOK bn. 4Q 2011 2011 2010 Adjusted earnings Adjusted earnings Adjusted earnings Business area pre tax after tax pre tax after tax pre tax after tax D&P Norway 38.2 9.3 150.4 37.2 111.9 29.1 International D&P (DPNA…
Increased opportunities in growing gas markets Asian gas demand* [bcm] US gas demand* [bcm] European gas demand* [bcm] 1100 1100 1100 700 700 700 300 300 300 2010 2020 2030 2010 2020 2030 2010 2020 2030 Underlying fundamentals…
Attractive positions in US onshore production Marcellus gas asset Early entrance Large and diversified position in 300 wells producing - 400 additional wells leading unconventional plays drilled low tie in cost Significant resources…
Successful exploration 2011: 41 wells completed - 22 discoveries 2012-2014: Planned areas with high impact wells* Peregrino S Johan Sverdrup Skrugard and Havis Canada - Arctic Angola - Presalt Indonesia - Frontier Going forward…
Outlook 2012 Organic capex of around USD 17 billion Exploration activity at around USD 3 billion Around 40 wells in 2012 Around 20 high impact wells 2012-14 Around 3 per cent CAGR in production 2010-2012 Uncertainties 2012 Gas…