Equinor Asa · OSL:EQNR
Equinor Asa — Statoil — Merger or Acquisition (November 2011)
11 slides from Equinor Asa's merger presentation, Nov 21, 2011
Slide 1: Divesting assets to optimize our portfolio on the Norwegian Continental Shelf
Divesting assets to optimize our portfolio on the Norwegian Continental Shelf 21 November 2011
Slide 2: Divesting assets in Norway
Divesting assets in Norway • Sales consideration: USD 1 625 million Farm Down including a contingent consideration of Kvitebjørn* From 58.55% to 39.55% USD 100 million * Heimdal From 39.4% to 29.4% 1 • Resources : 130 mmboe Valemon* From 66.78% to 53.78% − Gas 77% Exit − Liquids 23% Skirne-Byggve 10
Slide 3: Prioritizing our resources
Prioritizing our resources Heimdal platform
Slide 4: Transaction to support growth
Transaction to support growth Monetization and de-risking of assets with high ownership share Divestments of non-core assets Continued strengthening of balance sheet, geared towards growth Focus technology, capital and people to high growth, high value areas of NCS Kvitebjørn platform
Slide 5: Attractive valuation
Attractive valuation Value (USD million) • Demonstrates value of gas assets and 16252 Statoil’s Norwegian portfolio • Capital freed for high value growth • Competitive transaction metric: USD 12.5 /boe 8501 1) Using WoodMac GEM base assumptions and 10% nom discount rate Wood Mackenzie Realized Value
Slide 6: Growth opportunities on the NCS
Growth opportunities on the NCS • World class discoveries in 2011 • High impact exploration program • Accessing high potential exploration acreage • Focus on high value new field development • Maximize production from legacy production assets • Continue portfolio optimization
Slide 7: Continued strategic portfolio management via NCS optimisation
Continued strategic portfolio management via NCS optimisation Revitalise NCS • Portfolio management an with high value barrels Continue portfolio integral part of our business management to Create value from a superior gas enhance position • Demonstrate industrial value creation Production above val
Slide 8: Significant value creation
Significant value creation USD bn* 4 3 2 1 0 Peregrino Statoil Fuel KKD - Oil Gassled Centrica and Retail Sands Transaction * Proceeds
Slide 9: Investor Relations in Statoil
Investor Relations in Statoil Investor relations Europe Hilde Merete Nafstad Senior Vice President hnaf@statoil.com +47 95 78 39 11 Anne Lene Gullen Bråten IR Officer angbr@statoil.com +47 99 54 53 40 Lars Valdresbråten IR Officer lava@statoil.com +47 40 28 17 89 Jesper Børs-Lind IR Officer jebl@sta
Slide 10: Forward looking statements
Forward looking statements This presentation contains certain forward-looking statements that involve risks and uncertainties. In some These forward-looking statements reflect current views about future events and are, by their nature, cases, we use words such as “ambition”, “believe”, “continue”, “
Slide 11: Additional
Additional This communication is neither an offer to purchase nor a solicitation of an offer to sell any shares of the common stock of Brigham Exploration Company or any other securities. Statoil ASA and Brigham Acquisition Inc. have filed a tender offer statement on Schedule TO, including an offer