Slide Presentation on Statoil Deal to Acquire 70K Marcellus Shale Acres in WV & OH

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Norwegian energy giant Statoil closed on a deal to acquire 70,000 wet gas acres in the Marcellus Shale region on Dec 18, 2012. This slide presentation from the company gives the background and details of the deal and their strategy for shale development in the U.S.

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Slide Presentation on Statoil Deal to Acquire 70K Marcellus Shale Acres in WV & OH

  1. 1. Adding acreage and taking onoperatorship in the Marcellus
  2. 2. Operatorship in liquid rich area of Marcellus•  Buying operated assets in Ohio and West Virginia•  Robust economics, high liquid content•  Operatorship in key resource play2
  3. 3. The Marcellus – a core asset •  JV with Chesapeake in 2008 •  > 680,000 net acres •  63,000 boe/d (Q3 2012) •  Midstream positioning3
  4. 4. All cash deal•  Around 70,000 net acres•  One gathering system part of the cash deal•  Total consideration is USD 590 million•  Effective from 1 September•  Deal closed on 18 December4
  5. 5. High value resource base•  300-500 million boe (equity) risked resources•  Current production of 5000 boe/d •  Significant ramp-up potential •  Large flexibility•  Leases have an attractive expiry profile •  ~ 50% of acres are held by production •  Few leases due for expiry5
  6. 6. US ONSHOREConsolidating in the best plays Strategic positioning Adding portfolio depth •  Stepwise approach •  Diversification of Marcellus position •  Long term view - operator in core plays •  Apply operational experience •  Building value chains •  Upside potential •  Technology application and innovation •  sub surface and project management •  technology application •  HSE focus •  value chain optimization Marcellus 2008 Eagle Ford 2010 Bakken 2011 Marcellus 20126
  7. 7. SummaryStrong strategic fitOperatorship in core resource playRobust economicsLiquids richUpside potentialSub surface & Technology7
  8. 8. www.statoil.com• 8

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