Longer, Deeper, ColderTechnology to cross energy frontiers

Margareth Øvrum, EVP Technology & New Energy, Statoil

Our strategy for continued growth

Gas value chains

Deep water

Harsh environments

Heavy oil

Business strategy Growth themes

Maximise NCS value

Build

energynew

Deliverinternationalgrowth

Longer

Deeper

Colder processing

Colder environment

World-class track record

1996Gullfaks

First multiphase pumps (topsides, part

of Framo commercialisation)

2003Norne

Technology program

Subsea separation concept

developments

1986Start Poseidon

multiphase pump development

1997LufengSubsea pumps

2000Troll

Subsea water removal and

injection

2007Tordis

Subsea water removal &

injection, oil & gas boosting

2009Tyrihans

Subsea raw seawater injection (operation 2011)

2005Troll

Pipe separator Qualifications Subsea water

removal

1987Gullfaks

First subsea short oil

wellstream transfer

1991TOGI

Medium range gas

condensate wellstream

transfer

1995Statfjord satMedium range oil wellstream

transfer

1996Troll

Long range subsea to shore gas

condensate transfer

1999ÅsgardComplex subsea

development; advanced flowline

concepts

2003Mikkel

Long range subsea to subsea

1980Start OLGA development

2007Ormen Lange / Snøhvit

Long range subsea to shore in deep / in “arctic”

Long distance multip

hase transport

Subsea processing

Industrial development and venture

Academia and research institutions

Technology development and implementation

Creating value through technology

Collaboration & sourcing

• Key supplier agreements

• Supplier market

• Joint ventures

• Partnering with NOCs

• Technology agreements

Proprietary technology

• World class R&D facilities

• NCS as test lab

2030

TyrihansRaw seawater

injection

Troll/ÅsgardDC / FO control

system pilot

GullfaksSubsea

compression

Gulf of MexicoBoosting and

compact separation

MMX/SBBPilot / All electric field

development

Brazil Deepwater heavy

oil separation

AsteroGas/liq

separation

2010

ArcticSubsea factory

under ice

Subsea technology is an enabler for growth

ÅsgardSubsea

compression

LuvaLong distance

power & transport

Vision: The Subsea Factory

Positioning to meet future challenges

Åsgard Minimum Flow (Midgard)

Working actively with our license partners to realise a subsea wet gas compression solution

Gullfaks 2030

Start-up of wet gas compressor testing at Fusa this summer

Flow and separation conditions for heavy oil

Large scale test facilities ready for start-up early 2011 for Peregrino and Mariner/Bressay