Jefferies 2015 Global Energy Conference Torgrim Reitan, EVP Development and Production USA November 11, 2015
Statoil Key Facts 1 EQUITY PRODUCTION 2005 1.927 million barrels of oil equivalent per day in 2014 2010 MARKET CAPITALISATION USD 51 billion 2014 22 billion barrels of oil equivalent in resource Statoil presence THREE MAIN AREAS…
Statoil journey in the US Statoil USA 2004 - 2015 Production Profile Onshore GOM Nov-2006 Dec-2012 Feb-2014 Oct-2011 Acquisition of two Acquisition (Marcellus) Increased equity Brigham GoM discoveries and one in Stampede…
Creating long-term value across the value chain US Onshore Gulf of Mexico Value uplift and trading Pipeline capacity to premium markets Premium portfolio in core plays Strong and balanced high Proximity and access to premium…
Firm priorities Strong operational performance Efficiency improvements coming through 3% organic production growth in 2015 High value growth Reducing organic capex level to USD 16.5 bn1) in 2015 Strong cash flow generation YTD 2015…
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