The document discusses Statoil's exploration activities in the Arctic region, which contains vast untapped oil and gas resources. Statoil plans to broaden its presence across the Arctic through exploration and development projects in areas like the Barents Sea, Russia, Canada, Alaska, and Greenland. In 2013, Statoil will conduct an extensive drilling campaign in the Barents Sea and acquire 3D seismic data in licenses in Russia, Canada, and Greenland as it works to establish new discoveries and prove additional resources in the region.

1. Arctic: The Final frontier
Tim Dodson, EVP Exploration

2. Huge oil and gas potential in the Arctic
Meeting the future demand
• Vast sedimentary basins
• Around 20% of the world’s YTF
conventional oil and gas*
• Some of the least explored
Greenland/E.
East Barents
basins on Earth Canada
~60 Bboe
~52 Bboe
* US Geological Survey estimates 2008

3. Broadening presence across the Arctic
Sea of Okhotsk,
Chukchi Sea, Russia
Alaska, USA
Maximum
ice cover
2011-2012
Beaufort Sea,
Canada
Barents Sea,
Russia
Newfoundland
& Labrador,
Canada
Development project
Production
Exploration Barents Sea,
West
Greenland Norway

4. Barents Sea exploration 2013
An extensive year-round drilling campaign in the Barents Sea
Atlantis
Apollo*
Skrugard area
• Growth exploration to prove additional Wisting
resources
Kramsnø
Hoop area Nunatak
• Frontier exploration Skrugard Skavl
Iskrystall
Havis
Hammerfest Basin Ensis
• Growth exploration close to existing Snøhv it
Goliat
discoveries Askepott Discoveries 2011/2012
Planned Statoil operated wells
Statoil operated licenses
Partner operated licenses
Other licenses
Planned non-operated wells
2013 planned Statoil drilling activity
* Appraisal drilling planned in case of a discovery
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5. Russia
Perseevsky and Okhotsk licenses
• Joint Venture in 4 offshore
exploration licenses
• Early access at scale
• Good progress in negotiations
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6. Canada
Offshore Newfoundland
• 3D seismic over 2 new leases
in the Flemish Pass area
Margaree Cupids
• Secured Seadrill’s West Aquarius
deepwater drilling rig
Harpoon
• 3 well drilling program starting
late 2012
Federation

7. North American Arctic
Amundsen
• Strong partnerships
Devil’s Paw
• 3D seismic in partner operated
block in the Beaufort Sea
Statoil operated leases
Statoil non operated
• Maturing our portfolio for later ALASKA leases – active
(MMA)
drilling in Alaska 3D Seismic program
Statoil operated wells
Non-operated wells
Source: IHS

8. West Greenland
• Three blocks in the Baffin Bay area
• 3D seismic in Anu and Napu blocks
• Drilling or drop decision in Pitu block
in 2013
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