1. Classification: Internal GullfaksVillage2010 Gullfaks Sør Omega Project Some cost data and economic assumptions

2. Classification: Internal Gullfaks Omega - suggested cost data • Subsea development – One four slot template with all pipelines:1 500 MNOK – Two four slot template with all pipelines:2 500 MNOK ( + 1 000 MNOK/template) • Fixed platform – Wellhead platform with 15 slots:4 000 MNOK – Jacket with 20 slot drilling unit:7 000 MNOK • Drilling – Semi-submercible400 MNOK/well – Jack-up300 MNOK/well – Own drilling rig150 MNOK/well – For all three altenatives: Drill four wells pr year

3. Classification: Internal Gullfaks Omega – suggested cost data • Omega operations cost – Operations sub-sea 100 NOK/bbl oe – Operations jack-up 80 NOK/bbl oe – Operations jacket 50 NOK/bbl oe • Gullfaks operations cost – Operations 10 NOK/bbl oe – Transportation 1 NOK/bbl oe • Plugging and abandonment – Sub-sea 200 MNOK – Jack-up 300 MNOK – Jacket 400 MNOK

4. Classification: Internal Suggested economic assumptions and sensitivities • Economics assumptions – Oil price: 400 NOK/bbl increasing 3 % p.a. – Gas price: 200 NOK/bbl oe increasing 3 % p.a – Inflation: 1 % – Discount factor: 5 % • Run before tax economics – Value and Net Present Value – Internal Rate of Return (IRR, %) • Sensitivities – Oil and gas prices increasing 5% p. a./decreasing 2 % p. a. – Production +/- 30 % – Investments: +/- 40 %

5. Classification: Internal Block 34/10 Oil field development in Norwegian - a history about courage.

6. Classification: Internal GullfaksVillage2010 – Bergen 3/3 2010 Program 11:00 Welcome to Statoil in Bergen Petter Eltvik 11:30 Tapas lunch Outside Auditorium 12:00 Experts in Team in Statoil Gullfaks Ole Jørgen Birkenes 12:15 Some cost data and economic assumptions Petter Eltvik 12:30 Review of part A reports and part B assignments in individual groups Group 1: LU007Petter Eltvik/ Karl Sigurd Årland Group 2: LU004Johan Eck-Olsen/Petter Eltvik Groups 3&4: L1004Knut Muller/Ole Jørgen Birkenes Group 5: L1003Eli Gule/Petter Eltvik Group 6: L1001Esther Matland/Leif-Kristian Tveiterå 13:30 – 15:00 Review of Gullfaks Sør Statfjord in Cave Gunnar Halvorsen Groups 3&4 kl 13:30, Groups 5&6 kl 14:00 and Groups 1&2 kl 14:30 15:00 Review of the day/Summary Auditoriet 16:00 Departure for Dolly Dimples, Kokstad

7. Classification: Internal GullfaksVillage 2010 Overview over Statoil contacts Group 1: Environmental Challenges by adding Chemicals to the WI Contact in Statoil: Petter Eltvik; petel@statoil.com. (also Karl Sigurd Årland)petel@statoil.com Group 2: Drilling through depleted Brent Gr. Contact in Statoil: Johan Eck-Olsen; jeo@statoil.com@statoil.com Group 3: Improved oil recovery with Smart wells. Contact in Statoil: Knut Muller; knmu@statoil.comknmu@statoil.com Group 4: Improved oil recovery with Smart wells Contact in Statoil: Ole Jørgen Birkenes; olbi@statoil.comolbi@statoil.com Group 5: Improved oil recovery with WI Contact in Statoil: Eli Gule egul@statoil.com@statoil.com Group 6: Geological and Geophysical uncertainties Contact in Statoil: Esther Matland estm@statoil.com (also Kristian Tveiterå)@statoil.com

8. Classification: Internal Gullfaks Sør Omega Project – suggested cost and economic assumptions Petter Eltvik Project Manager GO Project petel@statoil.com, tel: +47 91 82 09 39 www.statoil.com Thank you