Equinor Asa · OSL:EQNR

Equinor Asa — Norsk Hydro A S A — Merger or Acquisition (April 2007)

5 slides from Equinor Asa's merger presentation, Apr 27, 2007

Slide 1: Canadian Extra Heavy Oil (EHO)
Canadian Extra Heavy Oil (EHO) The World’s second largest oil province Fiscal regime based on royalty and tax Next to the world’s largest energy market EHO increasingly important part of global liquids production Crude oil reserves ranked by country billion barrels as of year-end 2005
Slide 2: Strategic rationale for acquisition
Source: Oil and Gas Journal, Alberta Energy and Utilities Board, Canadian National Energy Noard, JPMorgan Strategic rationale for acquisition Securing resources for long-term growth and production post 2010 in OECD-area Securing international operatorship Further building on marketing and upstream p
Slide 3: Strong competence base
Strong competence base Reservoir management and IOR Large projects development Developing oil and gas resources in a sustainable manner Marketing and logistics Sincor EHO project in Venezuela Excelling the Statoil/NAOSC portfolio International operatorship of large reserves with concrete development
Slide 4: R10 Re ReWs
R10 Re ReWs North Hangingstone 1 H ‘ ‘South Hangil var T82 south Hangingstone a ; i West Thornbury | 80 v7 176
Slide 5: The acquisition of NAOSC….
The acquisition of NAOSC…. Secures international operatorship for Statoil within OECD Strengthens Statoil’s EHO portfolio Gives access to 2.2 bn bbls P50 reserves with upside Has access cost < USD 1 / bbl Adds production growth post 2010 Strengthens Statoil’s marketing position in North America Allo