Johan Sverdrup culture for value creation Capex improvements1 50% 25-35% 250 200 Phase 2 85 Full field resources 150 2-3 bn boe NOK billion Phase 2 40-55 100 Phase 1 123 Improvements Phase 2 Current break-even prices…
Strong drilling efficiency improvements Efficient production wells at lower cost Driving efficiency culture Metres per day Days per well Cost per well1 69% 42% 35% Safety first Simplification & 15 standardisation Cost per…
Driven by innovation and technology Future projects Statoil Remotely Operated Factory1 Development roadmap Early phase projects Oseberg Vestflanken 2 Ongoing sgard Stand alone Unmanned Production Platform (UPPTM ) In operation…
Shaping competitive solutions for the future Further mature and deliver world class projects Maximise value creation through continuous and sustainable improvements Innovation and technology to fuel radical change Cap-X…