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The Permium Review – Statoil

Statoil · Dec 3, 2014 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. The Permium Review – Statoil – slide 1
    Balancing returns and growth Torgrim Reitan, CFO Socit Gnrale - The Premium Review 3 December 2014, Paris
  2. The Permium Review – Statoil – slide 2
    The worlds largest offshore operator Upstream focus ARCTIC Worlds largest offshore operator NORTH SEA & NORWEGIAN RUSSIA Operating more than 3 mill. boed CANADA SEA NCS legacy position CASPIAN OECD exposure GULF OF NORTH 50% of…
  3. The Permium Review – Statoil – slide 3
    A consistent strategic roadmap Technology focused upstream company Development & Midstream & Portfolio Exploration Production marketing management Continue to prioritise Safe and secure operations Leverage European Realise value…
  4. The Permium Review – Statoil – slide 4
    Our priorities and deliveries 3% organic CAGR 2013-16 1) High value Capex estimate reduced 2) growth Organic free cash flow to cover dividends from 2016 3) Increase Maintaining ROACE efficiency Expected annual savings of USD 1.3 bn…
  5. The Permium Review – Statoil – slide 5
    Resilience in volatile markets Short term oil price Statoil well positioned, under pressure improving efficiency further /bbl 110 Robust financial framework AA- / Aa2 rating1) 105 Brent futures 19% net debt to capital 100 curve,…
  6. The Permium Review – Statoil – slide 6
    Solid performance Competitive returns Strong starting point on cost RoACE 3q14 1) Unit production cost in USD/boe 2) Statoil Statoil 0% 5% 10% 15% 20% 0 10 20 30 40 1) Peer group: Anadarko, BG, BP, Chevron, ConocoPhillips,…
  7. The Permium Review – Statoil – slide 7
    Addressing cost and capital efficency End-to-end well delivery Enabling OMM2) excellence Standard well concept Reduced modifications portfolio Drilling execution excellence Maintenance step-change Production efficiency gain…
  8. The Permium Review – Statoil – slide 8
    Value-creating portfolio optimisation Realised USD 23 bn in proceeds Delivered USD 12bn in capital gains Proceeds from divestments (USD bn) 1) Proceeds (USD bn), main divestments 2009-2014 2) 2) Accounting gain 1)…
  9. The Permium Review – Statoil – slide 9
    Predictable and competitive project execution NCS drilling: High Tanzania deep water: Gudrun: Delivered, sgard subsea Johan Sverdrup: efficiency High efficiency on time, below cost compression: On track Competitive solutions…
  10. The Permium Review – Statoil – slide 10
    Robust platform for sustainable performance 11 1) OGP Report for 2012, based on environmental information reported by member companies .Tonnes of CO2 per thousand tonnes of hydrocarbon production
  11. The Permium Review – Statoil – slide 11
    Summary Strong and resilient position Consistent strategic roadmap Robust financial and operational performance Clear financial priorities High value growth Increase cost and capital efficiency Prioritise capital distribution…
  12. The Permium Review – Statoil – slide 12
    Socit Gnrale, the Premium Review 3 December 2014, Paris Torgrim Reitan CFO www.statoil.com

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