ons peregrino thore e kristiansen

Peregrino – Statoil’s largest operatorship outside NorwayThore 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

Statoil operator

Statoil partner

Bids won in 8th Round

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-33Repsol (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-29Repsol (Op) 40% Statoil 30%Ecopetrol 30%

BM-ES-32Petrobras (Op) 60% Statoil 40%

Jequitinhonha

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)

Maca

é a

irport (1

20 k

m)

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


Sailing route from Texas to BrazilEquipment Barge

HERMOD Under Tow

Jacket A MWB403

Piles A L-400

Deck A H405

DR1 Marti J

Jacket B H541

Piles B Juli B

Deck B H406

DR2 C455-3

LQ's A&B C420

Jacket A

HermodPiles A

Jacket B

Piles BDeck A

LQ A&B, Deck B and DR2

DR1


Drilling rig


Installation vessel (Hermod)


Jacket A installation


Platforms installed

Peregrino B with Dan Swift Vessel Peregrino A


FPSO modules installed at Keppel FELS

Peregrino Project Status

HSE training of 1100 offshore personnel

• High safety standard is top priority

• Multicultural working environment

BM-C-7BM-C-4

7

10 km

-

BM-C-7BM-C-4

7

10 km

-

Main

South-west

N

South

Peregrino Asset Area

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

Visit www.statoil.com/ONS and stay up to date with the hottest news, latest presentations, vacant positions and more.

ons peregrino thore e kristiansen

Technology

deck

brazil

norway

piles

statoil

country

7 bm