By Tim Dodoson, Executive vice president, Exploration, Statoil ONS201

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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