Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Nordic Energy Conference, Alfred Berg ABN Amro 2005
9 slides from Norsk Hydro Asa's conference presentation, Aug 30, 2005
Slide 1: The Northern areas – Opportunities for further growth
The Northern areas – Opportunities for further growth Eivind Reiten President and CEO Oslo, 30 August 2005 Nordic Energy Conference, Alfred Berg ABN Amro www.hydro.com
Slide 2: Background
Background z Strong prices z Record earnings z Security of supply on everyone’s lips z Decline in Norwegian oil production 53002 • Hydro Media • 08-2005 • 2
Slide 3: A changing Norwegian Shelf
A changing Norwegian Shelf Norwegian oil production: lowest in a decade Mill.Sm3 275 Total o.e. 250 225 200 175 Oil 150 125 100 75 50 25 0 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 Source: NPD 53002 • Hydro Media • 08-2005 • 3
Slide 4: Hydro – continued strong production growth
Hydro – continued strong production growth 1 000 boe/day 8% average annual growth* 800 700 600 500 400 300 200 100 0 1998 1999 2000 2001 2002 2003 2004 2005E 2006E 2007E 2008E Oil NCS Oil Int Gas 8% CAGR* * Compound Annual Growth Rate, 2001 baseline 53002 • Hydro Media • 08-2005 • 4
Slide 5: Developing the Norwegian Continental Shelf
Developing the Norwegian Continental Shelf The Hydro Troll field development z Development projects on plan z Ambitious IOR projects z Submitted new development projects z Preparing for important 19th round 53002 • Hydro Media • 08-2005 • 5
Slide 6: Exploration strategy paying off
Exploration strategy paying off Discoveries 2005 YTD Peon z North Sea discoveries 2005 Astero - Astero Vigdis Troll Brent - Peon - Troll Brent Oseberg Sør B - Oseberg South - B South Oseberg Sør J - Oseberg South - J Central - Vigdis M5 - Hejre (Denmark) z Ambitious exploration programme going forwa
Slide 7: Increasing our international presence
Increasing our international presence North Sea z Increased exploration activity paying off - Oseberg, Troll Russia - Peon, Astero Canada z Shtokman proposal z Hebron proceeding z Ormen Lange on track submitted Russia towards development z Ambitious IOR program z MoUs with Gazprom on z New acreage s
Slide 8: Developing the Northern areas
Developing the Northern areas 53002 • Hydro Media • 08-2005 • 8
Slide 9: Forward-looking statements/ use of non-GAAP financial measures
Forward-looking statements/ use of non-GAAP financial measures In order to utilize the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, Hydro is providing the following cautionary statement: This presentation contains certain forward-looking statements
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