Annual general meeting 2015 Eldar Stre President and CEO 2 Oil - - PowerPoint PPT Presentation

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Mar 29, 2023 15 likes •91 views

Annual general meeting 2015 Eldar Stre President and CEO 2 Oil price volatility is the name of the game 160 Peregrino Gudrun 140 120 Gja Snhvit Statfjord 100 Valemon 80 Tor Gullfaks Fram Glitne 60 Brage Ekofisk 40 20 0

SLIDE 1

Annual general meeting 2015

SLIDE 2

Eldar Sætre

President and CEO

SLIDE 3

Oil price volatility is the name of the game

20 40 60 80 100 120 140 160 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015

Ekofisk Tor Statfjord Gullfaks Brage Glitne Fram Valemon Gudrun Peregrino Gjøa Snøhvit

SLIDE 4

Safety improvements

Serious incident frequency1) 143 180 193 163 136

50 100 150 200 2010 2011 2012 2013 2014

1.4 1.1 1.0 0.8 0.6

0,4 0,8 1,2 1,6 2010 2011 2012 2013 2014

1.96 1.89 2.00 1.94 1.93

1.85 1,7 1,8 1,9 2,0 2,1 2010 2011 2012 2013 2014

2014 | Strong operational performance

Four percent production growth

mmboe/d2)

Solid adjusted earnings

NOK bn.

1) Number of serious incidents per million working hours 2) Million barrels of oil equivalents per day 3) 2013 Rebased production of 1.85 mmboe/d

SLIDE 5

Competitiveness Climate

Two key challenges in our operating environment

SLIDE 6

Three priorities as our strategic response

Extend our NCS position Grow material and profitable international positions Accelerate the transition to a low carbon society

SLIDE 7