Highlights Strong financial results and operational performance Good contribution from North America value chain Project execution on track, Gudrun on stream, Johan Sverdrup concept selection Firm cost control Proposed 1Q 2014…
Serious incident frequency SIF 5 4 3,3 3 2,4 2,2 2,1 2,2 2 1,9 1,3 0,9 1 1 0,8 0,6 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2014 3 SIF: Number of serious incidents per million working hours
Financial results Lower liquid price and increased gas price 1Q 2014 NOK bn Strengthening on NOK 23.7 51.4 (5.4) 46.0 (30.2) 15.8 Firm cost control 100% 35% 9% 32% Higher transportation New field start-up Lower tax rate Net…
Adjusted earnings by segment Statoil Group 1) D&P Norway D&P International MPR On-time project delivery Strong production High value gas trading and optimisation Drilling rig in Barents Sea Gudrun on stream Pazflor field, Angola…
Production Production as expected, Equity production mboe/d high liquids production 1978 1998 1940 lower gas offtake divestments, redetermination and decline as expected 864 903 825 High regularity on NCS Liquids Gas 1114 1095…
Cash flow 2014 NOK bn Cash flow from operating activities Taxes paid 67 (18) Proceeds from Cash flows sale of assets to investments 3 (29) Net 24 7
Project execution and delivery Project execution Gudrun on stream Sverdrup concept selection Predictable and competitive Gudrun delivered on time, Offshore field centre with a Industrial manufacturing to under planned cost 50 years…
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