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Copyright©Statoil 2011.01.01 corporate presentation: Standing at a new frontier Standing at a new frontier Statoil presentation NTNU 19 January 2011.

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Presentation on theme: "Copyright©Statoil 2011.01.01 corporate presentation: Standing at a new frontier Standing at a new frontier Statoil presentation NTNU 19 January 2011."— Presentation transcript:

1 Copyright©Statoil corporate presentation: Standing at a new frontier Standing at a new frontier Statoil presentation NTNU 19 January 2011

2 Copyright©Statoil corporate presentation: Standing at a new frontier /2 Introducing Statoil Who we are Key focus moving forward Statoil 2011 Crossing energy frontiers Our business strategy and platforms for growth How we work Health, safety and the environment Our values Our organisation Facts and figures Key figures Welcome

3 Copyright©Statoil corporate presentation: Standing at a new frontier /3 Introducing Statoil

4 Copyright©Statoil corporate presentation: Standing at a new frontier /4 Who we are Energy company present in 34 countries with 20,000 employees Produced 1.96 million barrels of oil equivalent (boe) per day in 2009 (equity production) About 22 billion boe in proven resources (5.4 billion as booked reserves) One of the world’s largest net sellers of crude oil The world's largest operator in waters deeper than 100 metres World leader in carbon storage The second largest exporter of gas to Europe

5 Copyright©Statoil corporate presentation: Standing at a new frontier /5 Our business environment Demand for energy will continue to accelerate as the population and economies in the developing world expands, with fossil fuels playing key role Competition for access to oil and gas resources is sharpening, economically and technologically Costs of adapting to climate change is set to rise

6 Copyright©Statoil corporate presentation: Standing at a new frontier /6 Key focus moving forward

7 Copyright©Statoil corporate presentation: Standing at a new frontier /7 Harsh environments Deep water Heavy oil Gas value chains Building growth from a firm strategy

8 Copyright©Statoil corporate presentation: Standing at a new frontier /8 Crossing energy frontiers

9 Copyright©Statoil corporate presentation: Standing at a new frontier /9 Harsh environments New energy reserves are becoming more difficult to access A larger proportion of the world’s remaining energy sources exist in harsh environments We will leverage our experience and technology position to develop business in these areas

10 Copyright©Statoil corporate presentation: Standing at a new frontier /10 The Snøhvit gas field, Barents Sea The world’s northernmost liquefied natural gas (LNG) operation 5.1million tonnes of LNG. Production period: Sub-sea installations at 300m depth. No platforms or production vessels Gas transferred ashore for processing via 143km pipeline Snøhvit is a carbon efficient energy source

11 Copyright©Statoil corporate presentation: Standing at a new frontier /11 Deep sea Reserves at greater depths demand new techniques and technologies For drilling, extraction, pipe-laying and maintenance Long experience of deepwater operations from the NCS Applying this knowledge to release the potential of new projects worldwide

12 Copyright©Statoil corporate presentation: Standing at a new frontier /12 Operations in the Gulf of Mexico More than 400 exploration leases in deep water in the Gulf Attractive portfolio of producing fields and new field developments Highly advanced technologies – 3D seismic data, dynamic positioning, remote control and robotics

13 Copyright©Statoil corporate presentation: Standing at a new frontier /13 Heavy oil Heavy oil – an important opportunity for Statoil Peregrino project, off coast of Brazil Athabasca oil sands fields, Alberta, Canada Experience in heavy oil production gained from other fields

14 Copyright©Statoil corporate presentation: Standing at a new frontier /14 Peregrino, Brazil Statoil’s largest operatorship outside Norway * 85 km off the coast of Brazil in water depths around 100 meters Showcases Statoil’s strengths in extraction and reservoir management Production is expected to start towards the end of first quarter 2011 * In June 2010 Statoil agreed to sell 40 % of the Peregrino field to Sinochem group. The approval is subject to government approvals in Brazil and China.

15 Copyright©Statoil corporate presentation: Standing at a new frontier /15 Gas value chain NCS is the backbone of our gas business Second largest supplier of gas to Europe International gas value chains: shale gas in USA, Algeria in North-Africa, Shah Deniz in Azerbaijan Natural gas is an attractive long-term source of energy: cost efficient, abundant reserves and with a small carbon print

16 Copyright©Statoil corporate presentation: Standing at a new frontier /16 Troll A, Norway Troll A represents 40% of total gas reserves on the Norwegian continental shelf (NCS) Supplying gas to Europe since Reserves estimated to last 70 years Gas transferred via 65km pipeline to shore for processing Processing on land reduces operating costs Powering the production platform from shore reduces emissions of CO 2 and nitrogen oxides

17 Copyright©Statoil corporate presentation: Standing at a new frontier /17 New energy and carbon efficiency Our strategy is to have a stepwise growth within renewable energy which we consider a promising growth area Our main focus is on offshore wind power where we add value by using our extensive competence from offshore oil and gas activities We are a world leading CO 2 storage operator. Production on NCS 60% more carbon efficient than the world average We are committed to reduce carbon footprint at every production stage

18 Copyright©Statoil corporate presentation: Standing at a new frontier /18 Sheringham Shoal, UK The UK’s fourth largest offshore wind farm NOK 10 billion joint venture with Norwegian utility, Statkraft 88 wind turbines over 35 sq km, supplying enough power for 220,000 homes The project started installation of the wind turbines and laying of cables in The project is scheduled to be finished early 2012

19 Copyright©Statoil corporate presentation: Standing at a new frontier /19 In Salah, Algeria Algeria’s third largest gas processing facility One of Statoil’s three world class carbon capture and storage (CCS) projects

20 Copyright©Statoil corporate presentation: Standing at a new frontier /20 How we work

21 Copyright©Statoil corporate presentation: Standing at a new frontier /21 Health, safety and the environment (HSE) “Our ambition is to be the industry leader in HSE. We must therefore improve in this area, and HSE must be the first priority in everything we do. Should a conflict arise, safety must always take precedence over production.” President and CEO Helge Lund

22 Copyright©Statoil corporate presentation: Standing at a new frontier /22 What we do – and how we do it A values-based performance culture Firm commitment to health, safety and the environment (HSE) Stringent ethical requirements and a code of conduct which promotes personal integrity

23 Copyright©Statoil corporate presentation: Standing at a new frontier /23 The Statoil organisation Marketing, Processing and Renewable Energy Eldar Sætre Stavanger MPR Development and Production North America Bill Maloney Houston DPNA Tim Dodson Oslo EXP Exploration Technology, Projects and Drilling Margareth Øvrum Stavanger TPD Development and Production International Peter Mellbye Oslo DPI Øystein Michelsen Stavanger DPN Development and Production Norway Global Strategy and Business Development John Knight London GSB Chief executive officer Helge Lund Stavanger CEO CFO organisation Torgrim Reitan Stavanger CFO Corporate communication Reidar Gjærum Oslo CCOM Corporate staffs and services Tove Stuhr Sjøblom Stavanger CSO Corporate audit Stein Egil Næss Stavanger COA

24 Copyright©Statoil corporate presentation: Standing at a new frontier /24 Facts and figures

25 Copyright©Statoil corporate presentation: Standing at a new frontier /25 3Q 093Q 10 14% increase in liquids prices 8% increase in gas prices 17% lower equity production Net operating incomeNet income Third quarter results

26 Copyright©Statoil corporate presentation: Standing at a new frontier /26 Quarterly effects on production 1 Expected natural decline, Gullfaks C06 well and rig issues, reallocation from 2Q (20’ boed), other 2 Ormen Lange oil and gas impact Changes 3Q 2009 to 3Q 2010 per category

27 Copyright©Statoil corporate presentation: Standing at a new frontier /27 Guiding 2010 Equity production 1.9 million boepd Unit Production Cost at NOK per boe Capex and exploration: Capital expenditures ~USD 13bn* Exploration activity ~USD 2.3bn Equity production: 2,060 – 2,160 million boe/d *Exclusive of capitalization of financial leases and acquisitions **Estimated full year production 2012 vs for ramp up & new fields on stream in Ramp up & new fields on stream TyrihansMorvinThunder Hawk AgbamiTahitiMarcellus GjøaVegaVega South SkarvPeregrinoLeismer PSVMPazflorEagle Ford Caesar Tonga ph 1Kizomba satellites Fast track projectsMarulk Additional production ** 350’- 400’ boed

28 Copyright©Statoil corporate presentation: Standing at a new frontier /28 Standing at a new frontier

29 Copyright©Statoil corporate presentation: Standing at a new frontier /29 Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo Stock Exchange. For more information, please visit

30 Copyright©Statoil corporate presentation: Standing at a new frontier /30 Thank you Statoil corporate presentation 2011 Petter Eltvik phone:


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