Equinor ASA · OSL:EQNR
Equinor ASA — Corporate Update (March 2021)
19 slides from Equinor ASA's corporate update, Mar 17, 2021
Slide 1: Project Highlights
Project Highlights IR/TPD virtual event 17 March 2021, 1400-1500 CET
Slide 2: Forward-looking statements
Forward-looking statements ‘This presentation contains certain forwarcHooking statements that involve risks and uncertainties. n some cases, we use words such as “ambition, continue’, ‘could’ ‘estimate’, intend, "expect, ‘believe’, "kely’, ‘may, ‘outlook. ‘plan. strategy’, “will, “quidance’, targets
Slide 3: Technology, projects and drilling in 2020
Technology, projects and drilling in 2020 Main deliveries - Snorre Expansion start-up - Askeladd tie-in to Snohvit - PDO Northern Lights and Breidablikk Johan Sverdrup phase 1 — Digitilisation, robots and drones - Digital technologies implemented at Johan Sverdrup boosted earnings by over NOK 2 bill
Slide 4: Project Highlights
Project Highlights Trond Bokn Vice President, Project Development
Slide 5: World class project portfolio
World class project portfolio Projects in execution Execution portfolio with a total consists of capex of about 22 29 projects billion USD
Slide 6: Snorre Expansion
equinor *: e Snorre Expa nsion This major increased oil recovery project will — add almost 200 million barrels of recoverable North Sea. oil reserves and help extend the productive life of the Snorre field through 2040 Equinor Energy AS 33.27%, Petoro AS 30%, Var Energi AS 18.55%, Idemitsu Petroleum
Slide 7: Martin Linge
Martin Linge North Sea, ~40 km west of Oseberg Equinor 70%, Petoro 30% Photo: Martin Linge equinor Complex reservoir, HPHT Fixed platform with processing and export facilities Electric power from Kollsnes Latest developments - Since summer 2018 a complex hook up/ completion job ongoing - Completion
Slide 8: Breidablikk
Breidablikk e North Sea, 185 km west of Haugesund Equity varies between licenses, final ownership to be decided at PDO approval. Equinor has 36.61% in Grane (H-structure only) llustration: Breidablikk equinor *: Ax six-slot subsea templates tied back to Grane Latest developments - PDO delivered, awa
Slide 9: Hywind Tampen
equinor *° e Hywind Tampen The Snorre and Gullfaks platforms will be the _— first platforms in the world to receive power North Sea , 150 km south west of Flora from a floating wind farm, Snorre Unit: Equinor 33.28%, Petoro 30%, Var Energi 18.55%, Will meet ~35% of the annual power demand Idemitsu P
Slide 10: Johan Castberg
Johan Castberg JC comprise the discoveries Skrugard, Havis and Drivis. The field opens a new petroleum province in the Barents Sea. Barents Sea, 240 km northwest of Hammerfest Equinor 50%, Var Energi 30%, Petoro 20% Latest developments Drilling campaign ongoing with good progress Good progress on we
Slide 11: Johan Sverdrup phase 2
Johan Sverdrup phase 2 North Sea, 140 km west of Stavanger Johan Sverdrup unit: Equinor 42.63%, Lundin 20%, Petoro 17.84%, Aker BP 11.5733%, Total E&P Norge 8.44% Includes a new processing platform linked to the field center. ~25% of the oil from the JS full field will be produced in the second phas
Slide 12: Njord Future
Njord Future Norwegian Sea, 130 km north west of Kristiansund Equinor 27.5%, Neptune Energy Norge AS 22.5%, Wintershall Norge 50% equinor *: Upgrade of : Njord A floating platform, floating storage unit Njord B and drilling of ten new wells after production start Bauge and Fenja to be tied in to Njo
Slide 13: Northern Lights
Northern Lights Northern part of the North Sea Equinor 33.33%, Shell 33.33%, Total 33.33% equinor ** Transportation, injection and storage of CO, from various onshore industries Latest developments - Approval of PDO/PIO received from MPE - Construction work started at @ygarden - State financial inve
Slide 14: Peregrino phase 2
Peregrino phase 2 85 km off the coast of Rio de Janeiro, Brazil Equinor 60%, Sinochem 40% equinor *° Fifteen oil producers + seven injectors to be drilled in a new area from a third wellhead platform. Tie-back to Peregrino 1 Latest developments - Platform installed offshore December 2019/January 202
Slide 15: Troll phase 3
Troll phase 3 North sea, 65 km West of Kollsnes Equinor 30.58%, Petoro 56%, Shell 8.10%, Total 3.69%, ConocoPhillips 1.62% equinor ** Next plateau extender of Troll gas production which prolongs the field life beyond 2050. Two subsea templates and eight production wells A new 36’ inch pipeline to Tr
Slide 16: Pre-sanctioned projects
Pre-sanctioned portfolio consists of approximately 50 projects Krafla/Askja Bacalhau Subsea tie-backs equinor *
Slide 17: Project Highlights
Project Highlights IR/TPD virtual event 17 March 2021, 1400-1500 CET
Slide 18: Appendix - project overview as of 4Q '20
Appendix - project overview as of 4Q ‘20 equinor *: Business area Project Operator Equinor share % Type Equinor equity capacity Estimated Production Start at peak production as of 4Q.20 (1000 boepd) Egp —_ MartinLinge Equinor 70.00 Oil/Gas Summer 2021 66 Norway Bauge Equinor 4250 Oil/Gas 4Q.2021 21
Slide 19: Investor Relations in Equinor
equinor Investor Relations in Equinor E-mail: irpost@equinor.com Investor Relations Europe Peter Hutton Senior Vice President phutt@equinor.com +44 788 191 8792 Lars Valdresbraten IR Officer lava@equinor.com +47 40 28 1789 Erik Gonder IR Officer ergon@equinor.com +47 99 56 26 11 Fan Gao IR Officer f