Equinor Asa · OSL:EQNR
Equinor Asa — Statoil — Corporate Update (August 2011)
10 slides from Equinor Asa's corporate update, Aug 16, 2011
Slide 1: A historic North Sea oil discovery
A historic North Sea oil discovery 16 August 2011 Sigrid Borthen Toven, VP Exploration North Sea South 1-
Slide 2: A new giant discovery "right in our back yard"
Aldous Major South A new giant discovery “right in our back yard” High impact discovery in our core area • Utsira High, Greater Sleipner area • ~140 km west of Stavanger • 35 km south of Grane • Water depth: 112 meters Stavanger • Reservoir depth: ~ 1900 meters • Drilling rig: Transocean Leader 16/2
Slide 3: Aldous and Avaldsnes combined potential
Aldous and Avaldsnes combined potential Probably largest NCS discovery since mid-80s Aldous • Oil/water contact confirms communication Major North • Combined discovery in PL 265 and PL 501 PL 501 between 500 million and 1.2 billion barrels of Avaldsnes recoverable o.e. (est.) discovery PL 265 well •
Slide 4: Excellent reservoir quality, easily producible oil
Aldous Major South Excellent reservoir quality, easily producible oil Excellent reservoir quality • Minimum 65 m column Jurassic sandstone • Course grained, loose sand with high porosity • Normal pressure, normal temperature Easily producible oil • Oil dripping out of the core • Highly mobile, low v
Slide 5: One of the 10 largest oil finds ever on NCS?
ILLUSTRATIVE A new legacy asset One of the 10 largest oil finds ever on NCS? Snorre A Heidrun Grane Combined potential Aldous/Avaldsnes* @ 500-1200 mill boe Aldous Major South @ 200-400 mill boe (initial range) 5-
Slide 6: Potential for major stand alone development
Aldous and Avaldsnes Potential for major stand alone development • High value barrels - conventional offshore development • Discovery over two licences. Unitisation required. Statoil has largest combined equity in Aldous and Avaldsnes (40% in both) • Statoil will seek rapid and optimal exploitation
Slide 7: Delivering on our strategy
Exploration is a key building block Delivering on our strategy Revitalise NCS with high value Continue portfolio barrels Create value from management to a superior gas enhance position value creation Production above 2.5 million boe/d in 2020 Build material Apply technology positions in 3-5 to expan
Slide 8: NCS is the backbone of our company
A world class oil and gas region NCS is the backbone of our company • World’s largest offshore operator − 44 developed fields on NCS − NCS Statoil equity production 1.4 mmboe/d in 2010 • Three significant clusters − North Sea − Norwegian Sea − Barents Sea • Around 50% of Statoil’s resource base 8-
Slide 9: Developing leading global exploration company
Stepping up our activity Developing leading global exploration company Areas with high impact wells Strong deliveries already achieved Early access at scale • Angolan pre-salt access* • Kazakhstan access** • Indonesia farm-in Three high impact discoveries (>250 mill boe) • Peregrino South • Skrugard
Slide 10: A giant discovery – and more to come?
Thank you A giant discovery – and more to come? Aldous Major North prospect Aldous Major South discovery Avaldsnes discovery 10 -