Ons peregrino Thore E Kristiansen

Peregrino – Statoil’s largest operatorship outside Norway Thore E. Kristiansen Senior Vice President & Head of the South Atlantic Region ONS, 2010

From Norway to the international scene… Statfjord Gullfaks/ Oseberg Angola Troll Lufeng … 1974 Grane Ormen Lange Peregrino Arctic Marcellus 2010 ->

Why Brazil?
Company well positioned for further growth
Political stability
Good investment climate
Significant proven reserves and new pre-salt discoveries

Statoil in Brazil
Offices in Rio de Janeiro and Niterói with 200 employees
More than 400 offshore contractors (Peregrino)
Operator for the Peregrino Field in the Campos Basin
Diverse exploration portfolio

Statoil Brazil portfolio BM-J-3 Petrobras (Op) 60% Statoil 40% Santos Campos Espirito-Santo Camamu-Almada Rio de Janeiro BM-C-7 Peregrino Statoil (OP) 100% SM-1109 Petrobras (Op) 40% Statoil 30% Repsol 30% SM–1105 Repsol (Op) 40% Statoil 30% Petrobras 30% SM-1233 Statoil (Op) 40% Petrobras 30% Repsol 30% BM-C-33 Repsol (Op) 35% Statoil 35% Petrobras 30% BM-CAL-10 Statoil (Op) 60% Petrobras 40% BM-CAL-8 Statoil (Op) 100% BM-CAL-7 Petrobras (Op) 60% Statoil 40% BM-C-47 Statoil (Op) 100% BM-ES-29 Repsol (Op) 40% Statoil 30% Ecopetrol 30% BM-ES-32 Petrobras (Op) 60% Statoil 40% Jequitinhonha Statoil operator Statoil partner Bids won in 8th Round

Peregrino oil field offshore Brazil
First operatorship in the country and the largest outside the Norwegian Continental Shelf
World class asset with about 2.5 billion barrels of oil in place
First oil expected early 2011. Peak production of 100,000 bpd

Main contractors FPSO

Brasco Shore Base 4 x Supply vessels 2 Helicopters Main Office Heliport Peregrino Field Brasco shore base (200 km) Macaé airport (120 km) Rio de Janeiro Macaé Niteroi

Peregrino project milestones
Modules produced in Corpus Christi (Texas) and towed to Brazilian waters
Peregrino jackets installed and lifting jobs completed
Wellhead plattforms installed
Offshore construction and commissioning ongoing

Peregrino Project milestones Drilling platform

Peregrino Project milestones Sailing route from Texas to Brazil Jacket A Hermod Piles A Jacket B Piles B Deck A LQ A&B, Deck B and DR2 DR1 C420 LQ's A&B C455-3 DR2 H406 Deck B Juli B Piles B H541 Jacket B Marti J DR1 H405 Deck A L-400 Piles A MWB403 Jacket A Under Tow HERMOD Barge Equipment

Peregrino Project milestones Drilling rig

Peregrino Project milestones Installation vessel (Hermod)

Peregrino Project milestones Jacket A installation

Peregrino Project milestones Platforms installed Peregrino B with Dan Swift Vessel Peregrino A

Peregrino Project milestones FPSO modules installed at Keppel FELS

Peregrino Project Status HSE training of 1100 offshore personnel
High safety standard is top priority
Multicultural working environment

Peregrino Asset Area BM - C - 7 BM - C - 47 10 km - BM - C - 7 BM - C - 47 10 km - Main South-west N South

Sinochem to Become 40% Partner of Peregrino
Sinochem to pay a total of USD 3,070 million for the 40% share*
Confirms the high quality of the Peregrino asset
Demonstrates Statoil’s ability to leverage its industrial competence
Realises value for our shareholders
Gives flexibility to further develop the company
* The transaction is subject to government approvals in Brazil and China

Summing up
Brazil a country with opportunities
Experience transfer from Norway to the international scene
Proven ability to execute mega projects
Project on track to start up early 2011
Peregrino upsides
Partnership deal signed with Sinochem

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Ons peregrino Thore E Kristiansen

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