Creating value from exploration London, 7 February 2014 Tim Dodson, Executive vice president Exploration Photo: Stena Drilling Ltd www.stena-drilling.com
Leading explorer largest oil discovery in 2013 Conventional discovered volume, by company 1) Largest conventional oil discoveries, by volume 1) 2013, mmboe (net to company) 2013, total oil recoverable mmboe (total field 2P reserves)…
Consistent world class results Key deliveries 2011-13 High impact discoveries 2011-13 1) Discovered 3.9 bn boe 2 11 high impact discoveries 2 Opened 6 new plays 1 Finding cost 3 USD/boe Increased net acreage Norway, GoM,…
Adding value through high impact portfolio Further high grading of attractive portfolio Top ranking value creator 2010-12 CAPEX USD/boe 1) IRR 2) NPV 3) 14 12 USD 7.4bn 10 8 6 4 2 0 High Impact Sanctioned High Impact…
Sustaining leading exploration performance High grading Prioritisation Capital discipline Deepen position in Global prioritisation of Mitigate cost exposure exploration core areas basins, prospects, wells, rigs and seismic Improve…
Sticking to our successful exploration strategy Exploit core positions East Coast Norway Russia Canada Deepen core areas Gulf of Drill high impact wells Mexico Early access at scale Angola Tanzania Australia Brazil…
Barents Sea pursuing new oil plays Plan two-three operated Johan Hoop Castberg wells in Hoop area including Apollo and Atlantis Continue drilling in Johan Barents Sea South East Castberg area: Kramsn and Drivis Operator for…
North Sea and Norwegian Sea adding high value barrels 15 near field discoveries last three years with 81% success rate Maximising value through direct tie-ins or fast tracks Extended reach for fast tracks Plan for 20-30…
Gulf of Mexico drilling top tier oil opportunities High graded portfolio in High impact prolific oil basin prospect Martin, Perseus and Monument highly ranked in our global prospect Partner- operated portfolio development…
Tanzania unlocking the full potential 17-20 Tcf in-place - foundation for major gas development Additional upside potential in low to medium risk prospects Several additional exploration wells 2014-2015 Discovery Prospect…
Brazil deepening position in emerging oil play 6 new licences close to recent oil discoveries in Esprito Santo Park of sweets Indra/ S. Bernardo Extensive 3D seismic Golfinho starting 1Q 2014 complex 10 exploration…
Angola exploring in a proven pre-salt play Large acreage position in pre- Dilolo prospect, block 39 salt Kwanza Multiple high impact prospects Dilolo outboard mega closure 8 wells from 2014 2 operated by Statoil 0 10…
East Coast Canada opening up extensive new oil play Bay du Nord break through oil discovery (300-600 mmbbl) Significant running room with several prospects mapped Drilling campaign from 3Q 2014 Assessing feasibility of…
Summary creating value from exploration Leading explorer Consistently delivered world class results Deep, rich and balanced portfolio Solid foundation for strong 2014-16 deliveries 2014 outlook USD 3.5 bn in exploration spend…