The state organisation of petroleum operations

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1 The state organisation of petroleum operations Stortinget (parliament) Government Ministry of Finance Ministry of Petroleum and Energy Ministry of Labour and Government Administration Norwegian Petroleum Directorate Petroleum Safety Authority Norway

2 The organisation of the MPE Minister Political advisor State secretary Secretary general Information section E&P and market department Petroleum department Adm. budgets and accounting department Energy and water resources department

3 The E&P and market department and the Petroleum department Facts 24 E&P and market department Exploration section Oil section Gas section Petroleum department Industry section Environmental affairs section Section for state participation Petroleum law and legal affairs section Economics section

4 Licensing round Nomination Announcement Application Award Negotiation

5 Macroeconomic indicators for the petroleum sector Facts Percent Share of GDP Share of exports Share of investment Share of total revenues Source: Statistics Norway/Ministry of Finance

6 Net cash flow to the state from petroleum operations* Facts 24 NOK bn (24 value) SDFI Statoil dividend CO2 tax Royalty and area fee Taxes State net cash flow * *23 estimate Source: National account and state budget

7 Investment NOK bn (money of the day) Fields On land Pipeline * *estimate Source: Statistics Norway

8 Estimates for future investment infields and pipelines Facts NOK bn (24 value) Fields in production or under development Pipelines/onshore Possible improved recovery measures Specific measures on producing fields Finds under evaluation Undiscovered resources Source: MPE/NPD

9 Status for petroleum resources and the uncertainty in the estimates Facts 24 Source: NPD

10 Total production 28 Mill scm oe Oil/NGL/cond Gas Source: MPE/NPD

11 Oil production (incl. NGL) Oil production in mill scm 3,5 3 Mill scm oe 15 1 Oil production in b/d 2,5 2 1,5 Mill boe/day 5 1, Source: MPE/NPD

12 Dry gas deliveries from the NCS Mill scm oe Commited volume Possible new sales Source: MPE/NPD

13 Production forecast for petroleum Facts Mill scm oe Crude oil NGL Condensate Gas Source: MPE/NPD

14 Historical oil price development, Facts 24 8 Current 6 USD USD/bbl Source: Platts

15 Production and net export of crude oil* 23 Net export Production Saudi Arabia 8,46 Saudi Arabia 9,88 Russia 5,83 Russia 8,46 Norway 3,1 USA 7,84 Iran 2,58 Iran 3,95 UAE 2,38 Mexico 3,79 Kuwait 2,3 China 3,42 Nigeria 2,1 Norway 3,26 Venezuela 1,98 Canada 2,98 Mexico 1,73 UAE 2,63 Algerie 1,6 Venezuela 2, mill b/d *incl NGL/condensate mill b/d Source: Petroleum Economics Ltd

16 Sale of Norwegian crude oil 23* Total 164,7 mill scm oe USA 8,1 % Others 1,6 % Canada 6,9 % France 11,4 % Germany 9,4 % Netherlands 12,7 % Sweden 4,5 % UK 23,6 % Norway 12,9 % *to first recipient Source: NPD

17 Sale of NGL/condensate 23* Total 21.7 mill scm oe Others 14,4 % Belgium 6, % Denmark 7,4 % Finland 2,2 % USA 18, % France 2,7 % Netherlands 13,6 % Germany 3,3 % Sweden 7,3 % UK 5, % Spain,8 % Portugal,8 % * to first recipient Norway 18,4 % Source: NPD

18 Definition of natural gas Methane (C 1 ) Ethane (C 2 ) Propane (C 3 ) Butane (C 4 ) LPGs Natural gas Pentanes and heavier fractions,also referred to as: C5 + Naphta Condensate NGLs Source:MPE

19 Norwegian natural gas exports 23 Total 71.1 scm oe. UK 12,3 % Spain 3,4 % Poland,6 % Germany 34,2 % Netherlands 8,9 % France 18,8 % Czech.Rep 3,5 % Austria 1,1 % Italy 7,9 % Denmark,1 % Belgium 9,2 % Source: MPE

20 Awards per year Number of blocks/production licences Number of blocks awarded Number of production licences Area awarded sq. km Area awarded sq. km Source: NPD

21 Exploration wells completed per year after reclassification Facts Wells Wildcats Appraisals Source: NPD

22 Emissions to the air Diffusive emissions Gas turbine exhaust Gas flaring Well testing Diesel fuel exhaust Gas venting

23 Discharges to the sea Seewage/household effluents Drains Drilling discharges Spill Produced water Cooling water Displacement water

24 Total employment in Norway s petroleum sector People employed Total employment Women Foreigners Source: Directorate of Labour

25 Internettadresse - Internet address