Equinor Asa · OSL:EQNR
Equinor Asa — Statoil — FY2009 Earnings Presentation
9 slides from Equinor Asa's earnings presentation, Feb 11, 2010
Slide 1: Continued deliveries in turbulent markets
Continued deliveries in turbulent markets Helge Lund, President and CEO 4th quarter and full year 2009 London, Feb 11 2010
Slide 2: Solid performance in 2009
Solid performance in 2009 HSE Production Unit finding cost (Serious Incident Frequency*) (1000 boe/d, equity) (USD/boe, equity) 2.2 1.925 1.962 ~4 ~4 1.9 2005-2008 2009 2008 2009 2008 2009 RoACE ** Rel. shareholder return *** Unit production cost **** *Incidents per million hour.**RoACE peer group c
Slide 3: 2009 – Milestones and achievements
2009 – Milestones and achievements • Six new fields on stream • Tyrihans – groundbreaking subsea technology • 650 mill boe new resources from exploration, 70% discovery rate • Position secured in Iraq • Increased activity level in Gulf of Mexico • Acquisition of crude oil terminal • Strengthened pos
Slide 4: Solid earnings
Solid earnings Full year Fourth quarter 198.8 121.6 NOK billion NOK billion 43.3 37.8 33.5 17.7 7.1 2.0 2008 2009 2008 2009 Net operating income Net income
Slide 5: 2009 production as guided
2009 production as guided 2023 2057 * ** 1962 1950 • Equity production up 2% 1925 1 000 boepd equity production – 4Q production up 2% 793 810 725 760 • Production on the NCS down 1% – 4Q production down 2% 1230 1247 1200 1202 • Production outside the NCS up 10% – 4Q production up 13% 4Q 2008 4Q 2009
Slide 6: Production growth towards 2012
Production growth towards 2012 Volume uncertainty from a value driven gas strategy Equity production Sanctioned projects on stream (million boe/d) (2010-2012) 2.1-2.2 Gjøa 1.925-1.975 Morvin Vega Vega South Leismer Demo Marcellus ramp-up Skarv Peregrino Pazflor PSVM Caesar Tonga Ph 1 Kizomba Satelli
Slide 7: Attractive dividend
Attractive dividend Dividend per share • 2009 dividend proposal* – 6.00 NOK per share • 104% payout ratio • Adjustments to dividend policy 6.00* 2001 2002 2003 2004 2005 2006 2007 2008 2009 Proposed dividend Ordinary dividend Special dividend Share buy-back *Dividend proposal, subject to approval by
Slide 8: Guiding
Guiding 2010 • Equity production and cost: – 1.925-1.975 million boe/d – Unit Production Cost at NOK 35-36 per boe • Capex and exploration: – Stable capital expenditures* ~USD 13bn. – Exploration activity at USD 2.3bn. – approx 50 wells 2012 • Equity production: 2.1-2.2 million boe/d *Exclusive of c
Slide 9: DARA
DARA