Statoil’s project portfolioOffshore strategikonferansen, 7th of FebruaryTrond Bokn, VP and head of International and New Energy projects 7 februar 2017Classification: Internal

© Statoil ASA

Efficiency today, opportunities tomorrow

20

40

60

80

100

120

Still a volatile marketOil price USD/bbl, 2014 ->

2014 2015 2016

Average break-even price2013

70USD/bbl

CMU-2016

41USD/bbl CMU-2017

?USD/bbl

Business case

$Commercial

Subsurface

Drilling and well

Marketing and supply

Operations

Facilities

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Final investment decisions submitted

PEREGRINO II TRESTAKKBYRDINGUTGARDOSEBERG

VESTFLANKEN II

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Turning opportunities into realities

Future project opportunities

Johan Castberg Johan Sverdrup Future

Snorre Expansion Njord Future& Bauge

Troll Future Askeladd

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Future international and New Energy opportunities

Tanzania

BM-C-33Bay du NordCarcará/BM-S-8

Dogger Bank/New York New wind opportunities

?

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The importance of suppliers

The majority of Statoil’s yearly expenditures arises from suppliers

Improvements in Statoil projects depend upon collaboration:

• From customization to standardization• Supplier and industry based solutions• Earlier involvement• Open to new and alternative market

strategies

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Statoil’s project portfolio

Trond BoknVice PresidentHead of International and New Energy Projects

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