Execute for Improved Value Creation Statoil Business Update
Capital markets update: Balancing returns and growth High value growth Increase efficiency Prioritise capital distribution Organic free cash flow to Expected annual savings of Competitive direct returns cover dividends from 2016 1)…
A decade of transformation and value creation Scale: Globally Progress since the 2011 strategy reset competitive through the Total Shareholder merger World class exploration performance Return 1) A revitalised NCS with longevity…
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…
Strong project performance and trends All time low SIF Delivering on cost 1) and on schedule [Projects] [Projects and Drilling & well] [Projects and Drilling & well] 2 110% 105% 107% 101% 1.3 103% 100% 1.0 100% 100% 97% 99%…
Directing our capital to priority projects Competitive portfolio Strengthening profitability Execution of premium assets High value barrels IRR1) (100/bbl; capex-weighted) Flexible and robust Proven execution track record 24% Johan…
High value growth High grading the portfolio Start-ups pre-2020 Optimising/future 1) Divested/reduced 1) High profitability Improvement potential Low strategic fit Strategic fit Return on capital Return on capital Market…
Increase efficiency Reducing cost and improving efficiency Strong starting point with low Launching improvement initiatives with relative Unit Production Cost 1) expected annual savings of USD 1.3 bn from 2016 1.5 Delivering capex…
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…
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 Park of Esprito Santo sweets Indra/ S. Bernardo Extensive 3D seismic Golfinho complex starting 1Q 2014 10 exploration wells…
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 km…
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…
Driving engine for long-term Profitable Growth Assets Delivering Growing Profitably 610,000 net acres HSE focus Marcellus Liquids ramp-up Statoil operatorship Apply technology 65,000 net acres Operator in core positions Eagle…
Increased value from US onshore well manufacturing Drilling time reductions per well from 2012 to 2013: Drilling cost reductions Total well cost 90% of upstream capex per well from Q1 2012 to 35 margin leverage BAKKEN Q4 2013: 32 31…
Robust platform for sustainable performance Safety & security Strong resource base Sustainability and transparency Serious incidents per million working hours 22 bn boe Low carbon footprint 1) 2.5 75% OECD exposure 2.0 Robust NCS…
Summary Competing from strengths Solid strategic progress Strong resource base with optionality Increasing our value creation Delivering growth Strengthening efficiency and reducing capex estimate Improving free cash flow…
Investor Relations in Statoil Investor Relations Europe Hilde Merete Nafstad Senior Vice President hnafstatoil.com +47 95 78 39 11 Lars Valdresbrten IR Officer lavastatoil.com +47 40 28 17 89 Erik Gonder IR Officer ergonstatoil.com…
Loading...
