Equinor ASA · OSL:EQNR
Equinor ASA — Technical Presentation (May 2019)
14 slides from Equinor ASA's technical presentation, May 27, 2019
Slide 1: Exploration update
Exploration update 27 May 2019 equinor es-
Slide 2: Building a future-fit exploration portfolio
Le Building a future-fit exploration portfolio equinor *: Norwegian continental shelf Deepen core areas Build and maximise long-term value USA and Brazil Always safe High value Low carbon Build material positions Frontier exploration In existing growth areas Selective offshore opportunities Safety W
Slide 3: A transitioning portfolio
A transitioning portfolio = rn rv o-- $e _ : equinor ant ee <S GEOGRAPHICAL SUBSURFACE TRANSFORMATION (a) a) TRANSFORMATION DIGITAL TRANSFORMATION
Slide 4: 2019 Exploration
2019 Exploration NCS: 20-30 wells UK: 5 wells 7, UK q US GoM: 2 wells > Canada, : 4 : s ey Ireland®. Canada: 2 wells Worn on) uci Brazil: Carcara North wells and Guanxuma test Algeria 4 Turkey ¥ Nicaragua % Suriname Azerbaijan: Karabagh Caters — \ bx: appraisal k B tonzonic ams — i | Indonesia 7 Ang
Slide 5: Brazil Offshore
[| Equinor operator Equinor partner Other licences New Equinor licences oO Pre-salt area Peregrino field ©@ Equinor office © Capital Apodi solar Brazil Offshore + BM-S-8 Carcara development with Carcara North appraisal + BM-C-33 Pdo de Acucar development Very successful bidding rounds in 2018 result
Slide 6: Argentina Offshore
Bajo del Toro Bajo del Toro Este Uruguay Argentina Offshore + Equinor delivered bids on 9 blocks offshore Argentina: * 6 blocks in the proven Malvinas Basin + 3 blocks in the frontier Argentina Slope + Equinor won 7 blocks: + MLO_123: Total 37.5% (operator), YPF 37.5%, Equinor 25% * MLO_121: Equinor
Slide 7: Argentina Onshore
Argentina Onshore BdT Block operated by YPF: + 157 km? + Minor production from a vertical and a diagonal well (BdT.x-3 and -4) Equinor farmed in 2017: + WI 50% Two horizontal wells drilled 2018 (BdT.x-6 and -7) 2000 m long laterals Two different landing zones 450 meter lateral spacing Put on test-pr
Slide 8: Turkey Onshore
Turkey Onshore Licenses operated by Valeura Energy: + 541 km? Banarli + 414 km? West Thrace Equinor farmed into Valeura’s licenses: + 2016 Banarli farm-in, Equinor 50% WI + 2016 West Thrace farm-in, Equinor 50% WI Activity status + Drilled & tested Yamalik-1 discovery well + Acquisition of 3D seismi
Slide 9: Russia Onshore
Nd * . equinor Russia Onshore + Part of the 2012 strategic partnership with Rosneft + Domanik Oil AS - JV (RN 51%, EQN 49%) + Multiple licenses LOO km East of Samara, Volga Urals Basin ies + Difficult to recover resources held in low permeability ae ia —aae Devonian Domanik limestone sequences + Thr
Slide 10: US Gulf of Mexico
equinor ** US Gulf of Mexico Blacktip discovery Successful access Monument * — Significant oil discovery + Won top 3 priorities * Secured Pacific Khamsin * Confirms strategic focus * Targeted infrastructure focus * Planned spud @4 2019 * Operations ongoing * Strengthens portfolio of drilling * Testi
Slide 11: East Coast Canada
ab East Coast Canada EL 1144 EL 1150 Non-op exploration drilling 2019 Tiger's Eye (EL1122, Husky op.), Q2 ILX prospect in prolific Jeanne d’Arc basin Harp (EL 1135, Exxon op), Q3 High-impact well with stand-alone potential Successful lease sale 2018 Increase position in prolific Jeanne d'Arc basin t
Slide 12: NCS Wells
NCS Wells @ UKCS Wells G Partner operated B® Equinor operated Spunk > __Korpfjell © Oil Mist Tubden @ soir west 0 ° Gjokésen D/S © Dry @ Gina Bristos. 9 5 @vosper Telesto Always Safe Nokken r Bas 4 High Value usta | | EchinoSouth Gladsheim Bigfoot Low Carbon a 2; Sigrun East ar Rowallan | ee _-_— Pr
Slide 13: NCS Wells
NCS Wells @ UKCS Wells Discoveries G Partner operated B Equinor operated Goliat West gol 4.4-13.8 mmboe Gas @ ‘recoverable Telesto Jasper 12-28 mmboe a 25-15.7 mmboe recoverable ecoverable RagnfridN Always Safe 6-25 mmboe High Value recoverable Low Carbon
Slide 14: Forward-looking statements
Forward-looking statements This presentation contains certain forwarcelooking statements that involve risks and uncertainties. In some cases, we use words such as “ambition’: ‘continue’, ‘could’, ‘estimate’, expect’ "believe", focus’, "ikely’ ‘may’, ‘outlook’, ‘plan’, ‘strategy’ “will. “quidance’ an