Macroeconomic indicators for the petroleum sector

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1 Macroeconomic indicators for the petroleum sector 5 4 percent * Share of GDP Share of investments Share of export Share of governmental revenues *estimate Facts 21 figure 1.1 Source: Statistics Norway

2 Investment Ministry of Petroleum and Energy 9 NOK billion (money of the day) Exploration Onshore Pipelines Fields * *estimates Facts 21 figure 1.2 Source: Statistics Norway

3 Net cash flow to the state from petroleum operations 18 NOK bn (21 value) * Taxes Royalty and area fee CO2 tax Statoil dividend SDFI State revenues *estimates Facts 21 figure 1.3 Source: National account and state budget

4 Total petroleum production Ministry of Petroleum and Energy mill scm oe * Oil (incl. NGL/condensate) Gas *estimate Facts 21 figure 1.4 Source: NPD

5 The state organisation of petroleum operations Stortinget (Parliament) Government Ministry of Finance Ministry of Petroleum and Energy Ministry of Local Government and Regional Development The Norwegian Petroleum Directorate Facts 21 figure 3.1

6 The organisation of petroleum operations Minister Political Adviser State Secretary Secretary General Information section Adm. budget and accounting department Oil and gas department Energy and water resources department Exploration section Oil section Gas section Industry section Environmental affairs section Section for state participation Petroleum law and legal affairs section Economics section Facts 21 figure 3.2

7 Investment Ministry of Petroleum and Energy 9 NOK billion (money of the day) Exploration Onshore Pipelines Fields * *estimates Facts 21 figure 4.1 Source: Statistics Norway

8 Estimates for future investments in fields and pipelines NOK billion ( 2 value) Fields in production or under development Pipelines/onshore Possible improved recovery measures Specific measures on producing fields Finds under evaluation Undiscovered resources Facts 21 figure 4.2 Source: MPE/NPD

9 State revenues from petroleum operations NOK billion (21 value) * Share of total state revenues-% State revenues Share of total revenues *estimates Facts 21 figure 5.1 Source: National accounts and State budget

10 Employment in Norway s petroleum sector 1 9 people employed in 1's Fact s 21 figure 6.1 Source: Directorate of Labour

11 Possible value creation from improved oil recovery bn 5 47 bn NOK bn 25 Recov factor from 44% - 57% OSE* IOR** Facts 21 figure 6.2 *Oslo Stock Exchange, february 21 ** Gross present value, size dependant on timing and volumes Source: OG21

12 Daily production and break-even prices for various upstream provinces Break-even price USD/bbl ,5 9.2 mil b/d 4.7 Mill b/d 3.5 Mill b/d 2.8 Mill b/d 3.1 Mill b/d Saudi Arabia Malaysia Gulf of Mexico UK Norway Volume Facts 21 Figure 6.3, Source: Reve / Jacobsen Et verdiskapende Norge

13 Total resource estimate Ministry of Petroleum and Energy Undiscovered resources Possible measures Resources in discoveries Resources in fields Remaining reserves Produced reserves Bn scm oe Gas Fact s 21 figure 7.1 Oil Total resources NCS, mill o.e Source: Norwegian Petroleum Directorate

14 Total petroleum production mill scm oe * Oil/NGL Gas *estimate Fact s 21 figure 8.1 Source: NPD

15 Oil production (incl. NGL/condensate) mill scm oe ,5 3 2,5 2 1,5 1,5 mill bbl oe/day Fact s 21 figure 8.2 Source: NPD

16 Production forecast for petroleum mill scm oe Oil Gas NGL Condensate Facts 21 figure 8.3 Source: NPD

17 Forecast for Norwegian oil production, , 3,5 3, ,5 2, 1,5 1,,5, Range of uncertainty (P9 - P1) Basic Scenario RK -11 Fact s 21 figure 8.4 Source: Norwegian Petroleum Directorate

18 Delivery obligations for natural gas 8 6 bn scm Field contracts Delivery contracts Facts 21 figure 8.3 Source: MPE

19 Price of Norwegian crude oil, USD/barrel Nominal 2 USD Fact s 21 figure 9.1 Source: MPE

20 Production and net export of crude oil incl. NGL 2 Production Net export Saudi Arabia 9 Saudi Arabia 7,67 USA 8,18 Russia 4,3 Russia 6,48 Norway 3,8 Iran 3,75 Venezuela 2,63 Mexico 3,52 Iran 2,61 Norway 3,31 UAE 2,36 China 3,23 Iraq 2,9 Venezuela 3,12 Nigeria 1,9 UAE 2,76 Kuwait 1,83 UK 2,73 Mexico 1, mill b/d mill b/d Fact s 21 figure 9.2 Source: Petroleum Economics Ltd.

21 Shipments of Norwegian crude oil 2* USA 6 % Total 178,5 mill scm oe Other 11 % Canada 5 % France 13 % Germany 6 % Sweden 6 % Netherlands 15 % Great Britain 22 % Norway 16 % Fact s 21 figure 9.3 *to first recipient Source: Norwegian Petroleum Directorate

22 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 + Natural gasoline Condensate NGLs Fact s 21 figure 9.4 Source:MPE

23 Shipment of NGL / condensate 2* USA 12 % Other 6 % Belgium 1 % Denmark 15 % Germany 7 % Sweden 5 % Finland 1 % France 4 % Great Britain 7 % Spain 2 % Poland 5 % Norway 12 % Netherlands 14 % Facts 21 figure 9.5 * to first recipient Source: NPD

24 Norwegian gas exports 2 Ministry of Petroleum and Energy Germany 38,2 % Great Britain 4,5 % Spain 5,1 % Poland,1 % Netherlands 1,5 % Czech Republic 3,9 % Austria 1,6 % Belgium 11,3 % Fact s 21 figure 9.6 France 24,7 % Total 48,6 bn scm oe Source: NPD

25 Market shares 2 Ministry of Petroleum and Energy Statoil 32,5 % Other 3,1 % Esso 22,2 % Shell 28,6 % JET 1,1 % Hydro/Texaco 12,5 % Fact s 21 figure 9.7 Source: Norwegian Petroleum Institute

26 Emissions to the air Ministry of Petroleum and Energy Diffusive emissions Gas turbine exhaust Well testing Gas flaring Diesel fuel exhaust Gas venting Facts 21 figure 1.1

27 Discharges to the sea Ministry of Petroleum and Energy Seewage/household effluents Drains Drilling discharges Spill Produced water Cooling water Displacement water Factsheet 21 figure 1.2

28 Licensing round Ministry of Petroleum and Energy Nomination Announcement Application Award Negotiation Facts 21 figure 11.1

29 Awards per year Ministry of Petroleum and Energy Number of blocks/production licences Area awarded sq. km Number of production licences Number of blocks awarded Area awarded sq. km. Fact s 21 figure 12.1 Source: NPD

30 Exploration wells completed per year Wells Wildcats Appraisals Facts 21 figure 13.1 Kilde: NPD

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