2nd Quarter 2013 Oslo, 25 July, 2013 Helge Lund, President & CEO
Second quarter 2013 Financial result impacted by lower prices Production as expected, with record international production High project activity, progress as planned Accessed sizeable exploration acreage Eagle Ford.…
HSE Serious incidents frequency 1) 3 2 1 0 2008 2009 2010 2011 2012 1Q13 2Q13 3 1) Number of serious HSE incidents (including conditions and near misses but excluding all instances of ethical misconduct) categorised…
Adjusted earnings by segment Statoil Group1) D&P Norway D&P International MPR Securing attractive High project activity, Delivering record Weak trading results exploration acreage progress as planned production and refinery…
Production Stable equity production as Equity production mboe/d expected 1967 1980 1811 2032 2087 1983 Record international production Ramping up new production Impacted by NCS divestments and reduced Troll capacity 5
Project execution according to plan High activity level On track sgard subsea compression Delivering at cost 1) 106% 105% 101% Topside module installed Template installed 98% 98% 97% Gudrun Valemon 2008 2009 2010 2011 2012…
Accessing attractive acreage Clear exploration strategy Norway, Barents Sea Early access at scale Seven licenses Drill high impact wells in 22nd round Exploit core positions Azerbaijan, Russia offshore Caspian Sea and onshore MoU…
Driving performance in a challenging context Increasing energy demand Industry returns under Strengthening our towards 2040 pressure competitiveness TPED, bn toe Increased oil price, lower return on capital USD bn (LHS), ROACE %…
Outlook 2013 Organic capex USD 19 billion Exploration activity USD 3.5 billion 50 exploration wells, high appraisal activity Lower production than 2012 Planned maintenance 45 mboed 3Q 110 mboed 20 high impact exploration wells…
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