Raphaël FILLON | GDF SUEZ E&P Norge AS all visuals may be modified To insert or replace a visual on the title page: Remove the existing visual or visual area, then: Insert / Picture / From file or click on the icon Then place the visual in background position Building an Exploration and Production portfolio in the Barents Sea: Step by step, and a long term commitment Raphaël FILLON | GDF SUEZ E&P Norge AS

Presentation Overview Snøhvit : a foundation and fundamental asset Experience through operated exploration Current portfolio overview Future challenges and opportunities

GDF SUEZ E&P Norge AS Licence portfolio growth PL709 PL710 PL715 PL722 PL723 PL612 PL610 PL607 PL448 PL110C PL230 PL110B PL701 PL700 PL348B PL107B PL107C PL348 PL687 PL686 PL637 PL636 PL634 PL630 PL618 PL582 PL578 PL153B PL153 PL187 PL025 PL709 PL710 PL715 PL722 PL723 PL612 PL610 PL607 PL448 PL230 PL110B PL701 PL700 PL348B PL107B PL107C PL348 PL420 PL687 PL686 PL636 PL630 PL618 PL578 PL153B PL153 PL187 PL025 GDF SUEZ E&P Norge AS Licence portfolio growth PL612 PL610 PL607 PL530 PL448B PL488 PL448 PL110C PL230 PL110B PL348B PL468B PL468 PL107B PL107C PL348 PL582 PL578 PL377BS PL341 PL547S PL377S PL153B PL289 PL153 PL187 PL025 PL530 PL448B PL488 PL448 PL394 PL110C PL230 PL110B PL468 PL326 PL107B PL107C PL469 PL348 PL328 PL341 PL423BS PL547S PL377S PL153B PL423S PL289 PL153 PL187 PL025 PL612 PL610 PL607 PL530 PL448 PL110C PL230 PL110B PL348B PL107B PL107C PL348 PL637 PL636 PL634 PL630 PL618 PL582 PL578 PL153B PL153 PL187 PL025 PL530 PL448B PL488 PL448 PL394 PL110C PL230 PL110B PL326 PL107B PL107C PL469 PL348 PL328 PL107 PL377S PL153B PL423S PL090D PL289 PL090C PL090B PL376 PL153 PL187 PL025 PL448B PL488 PL448 PL394 PL110C PL230 PL110B PL469 PL348 PL329 PL328 PL107 PL153B PL423S PL090D PL289 PL090C PL090B PL376 PL153 PL187 PL025 Exploration licences Barents Sea Exploration licences Mid Norway PL394 PL110C Area F PL110B PL347 PL348 PL329 PL328 PL107 PL090D PL289 PL090C PL090B PL376 PL311B PL311 PL153 PL187 PL025 PL448 PL394 PL110C Area F PL110B PL347 PL348 PL329 PL328 PL107 PL423S PL090D PL289 PL090C PL090B PL376 PL153 PL187 PL025 Exploration licences North Sea Production licences PL110B Area F PL347 PL348 PL329 PL328 PL107 PL289 PL090C PL090B PL311B PL311 PL153 PL187 PL025 PL110B Area F PL347 PL348 PL329 PL328 PL285 PL107 PL311B PL311 PL153 PL187 PL025 Area F PL285 PL107 PL153 PL187 PL025 PL174 PL191 PL006C PL285 PL107 PL187 PL025 PL174 PL191 PL006C Gygrid Noatun Astero Vega S Gjøa Fram Gudrun Snøhvit Njord Hyme Noatun Astero Vega S Gjøa Fram Gudrun Snøhvit Njord Hyme Noatun Astero Vega S Gjøa Fram Gudrun Snøhvit Njord Hyme Noatun Astero Vega S Gjøa Fram Gudrun Snøhvit Njord Hyme Noatun Astero Vega S Gjøa Fram Gudrun Snøhvit Njord Vega S Gjøa Fram Gudrun Snøhvit Njord Vega S Gjøa Fram Gudrun Snøhvit Njord Vega S Gjøa Fram Gudrun Snøhvit Njord Vega S Gjøa Fram Gudrun Snøhvit Njord Vega S Gjøa Fram Gudrun Snøhvit Njord Gjøa Fram Gudrun Snøhvit Njord Gjøa Fram Gudrun Snøhvit Njord PL006C Fram Gudrun Snøhvit Njord Snøhvit Njord 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Snøhvit in GDF SUEZ E&P Norge portfolio License and ownership Awarded 1981 and discovered 1984 Statoil: 36,79% (Operator) GDF SUEZ: 12,00% (M&A 2001) Partners: RWE Dea, Total, Petoro Key milestones Unitized July 2000 PDO approval March 2002 259 MSm3 oe Production start-up September 2007

Learning as an active partner in Snøhvit Unit Well planning and drilling (exploration and development) Production infill drilling CO2 injection Seismic / Geophysical activities Multiple 3D streamer data CSEM survey Gravity survey Ocean Bottom Cable 4D Seismic 2009-11-12-14 Reservoir management of CO2 content Increased Recovery by compression stages

GDF SUEZ Exploration drilling in the Barents Sea: from non-operated Near Field to operated Frontier Operatorship and Frontier Focus on Snøhvit Near Field exploration for a potential Train 2 Byrkje well 7218/8-1 GDF SUEZ acquires 12% in Snøhvit Unit Heilo well 7124/4-1S 89 exploration wells (wildcats) drilled since 1980 Exploration revitalized since 2011

Learnings from Operated wells in Barents Sea Byrkje well 7218/8-1 Good HSE performance: No High potential incidents, spills or serious personnel injuries Good overall operation: low NPT and good operational progress Majority of WOW due to Polar lows and winter weather conditions Dynamic positioning of rig in both drilling operations – no issues Transocean Barents drilled both prospects. Heilo well 7124/4-1S Logistically challenging Careful planning resulted in no hiccups. Lots of trucks continuously on the road. Good control on backup equipment. Cooperation Positive and active experience sharing between Barents Sea operators

Oil spill response plan – Heilo PL 530 Heilo located relatively close to shore Oil drift simulations showed probability of oil stranding in areas with valuable natural recourses (NOFO example areas) High attention to the emergency plans for the acute phase and the coast and shoreline The emergency plan concept Acute Strategy Oil Spill Preparedness (ASO) was established to ensure robust and user-friendly oil spill preparedness plans for the personnel performing oil spill clean- up activities in the coast- and shoreline EPN has performed an exploration drilling of Heilo (PL 530) in the Barents Sea. Heilo is located close to shore (34 km to the nearest landfall), and the emergency preparedness analysis showed relatively short response time in case of a potential acute oil spill.   The dimensioning NOFO example areas in the drilling period are Gjesværtappan and Nordkinn; both requiring 3 fjord systems with capacity of 17 m3/d within 6.1 days and 12.2 days, respectively. The dimension NOFO example areas in P2 are Gjesværtappan1, Hjelmsøy and Nordkinn; all requiring 3 fjord systems with capacity of 17 m3/d within 5.5, 6.4 days and 12.1 days, respectively. NOFO example areas within Heilo’s influence area.  NOFO example areas are predefined areas that are located in the outer coastal zone and hold a large number of environmental prioritized areas and (or) areas that are challenging with respect to an oil spill emergency preparedness situation. The dimensioning NOFO example areas for Heilo were Gjesværtappan, Nordkinn, Hjelmsøy and Nordkinn.

Oil Spill Preparedness - Heilo PL 530 GDF SUEZ and NOFO arranged a two day oil spill exercise with focus on coast and shoreline Various stakeholders who would be involved in any oil spill operation from the Heilo location participated in the exercise. Summary of Oil Spill Preparedness - Heilo Barrier 1 – Combat open sea close to source Response time First system within 3 hours. Fully mobilized within 24 hours Number of systems* 3 Barrier 2 – Combat open sea Fully mobilized within 46 hours Number of systems 1 (autumn) 2 (winter) Barrier 3 – Combat coast- and shore zone Fully mobilized within 3,9 days 4 coastal systems with a capacity of 120 m3/d, or a combination of e.g. 3 coastal systems and one fjord systems with capacity of 17 m3/d Participants in the two day exercise: partnership in PL 530, as well as representative from the coast guard, IUA Vest-Finnmark, IUA-Midt-Finnmark, NOFO. IUA = the Intermunicipal Oil Spill Combat groups (IUA) Experience with oil spill accidents in Norway have shown a need to distinguish between the acute spill phase and the subsequent clean up operation of the shoreline. The authorities gave high attention to the planning of oil spill preparedness for the Heilo exploration drilling campaign. During the oil spill emergency planning of Heilo high attention was put on the emergency plans for the coast and shoreline and the acute phase, in addition to the emergency preparedness plans offshore. The goal was to prepare an emergency plan including the acute phase making us able to initiate measures for the coast- and shoreline on short notice. In Norway local municipal and the Intermunicipal Oil Spill Combat groups (IUA) constitute the core resource when it comes to coast- and shoreline oil spill emergency preparedness. Central in the emergency planning for Heilo was how to plan for the acute phase as well as making the plans robust and user-friendly for the personnel performing oil spill clean-up activities in the coast- and shoreline.   To include emergency plans for the acute phase and making the plans user friendly for core personnel involved in the oil spill preparedness in the coast- and shoreline, the emergency plan concept Acute Strategy Oil Spill Preparedness (ASO) was established. The ASO concept made it possible to develop standardized and practical plans for local management- and emergency personnel with one common solution instead of several more or less overlapping plans. * each system includes an Oil spill recovery (OR) vessel + a tug vessel

Byrkje, PL607 Deep sea sponge aggregations High focus on potential presence of corals and sponges which might be affected by petroleum activity The presence of deep sea sponge aggregations was visually mapped during two surveys in 2012 at Byrkje The data collected was then analysed and calibrated to againts criteria defined as “Deep sea sponge aggregations” A spread study (DREAM) and sponge risk assessment was carried out for the planned discharges offshore and used as a decision support in the planning phase of a drilling campaign. Monitoring of drill discharges, focusing on the spread and the effects on the deep sea sponge community present was carried out before, during and after the drilling campaign. The Barents Sea is known for housing high abundances of deep sea sponge aggregations. Soft bottom sponges (mainly Geodia spp.) were mainly found in in scattered densities (~ 62 %) < 1 % of was defined as high densities of softbottom sponges Area of high sponge densities identified about 250-280 m south west of the drill location The presence of deep sea sponge aggregations was visually mapped during two surveys in 2012; Baseline survey carried out by DNV as a part of a joint program between the operators in the Barents Sea 2012. 3300 meters of video was filmed and analysed (black) Fugro visual mapping: covered a total distance of approximately 14 km, in twenty 700 meter transects. In total 1215 still pictures were taken and classified for sponge densities and about 16 hours of video was recorded. (red) DREAM simulations of the planned discharges was carried out by DNV. particle distribution simulation – DREAM

Current portfolio in Barents Sea Work programs in operated licenses PL610 (Op, 50%) G&G studies on-going Prospect under evaluation DoD 13.05 2016 Initial period 13.05 2019 PL612 (Op, 50%) Prospects under evaluation DoD 13.05 2015 Initial period 13.05 2018 PL722 (Op, 30%) Prospects and leads under evaluation DoD 21.06 2016 Initial period 21.06 2019 PL723 (Op, 35%) PL607 (Op, 40%) Firm well commitment: Fulfilled Initial period 13.05 2015

Hoop Area – 3D view from south Top Realgrunnen Gp. Atlantis Apollo Hanssen Wisting PL723 PL722 PL614 Mercury PL613 PL537 Maud Basin Source: GDF SUEZ E&P internal

Carboniferous-Permian Play: Potential for commercial discoveries 15 wells have been drilled in Carboniferous- Permian. Some of the IKU shallow wells from Finnmark platform have also penetrated this section Many of them have HC as: Shows technical discoveries Working Play, recently reactivated by the Alta and Gohta discoveries 7220/6-1 80 m net sand in the Snadd Fm - Oil shows in carbonates of the Ørn Fm (20% p. u) - TD: 1540m – Pre-Devonian Basement Fm 7220/11-1 Alta - Oil and gas in carbonates of the Gipsdalen Gp - TD: 2251m 7120/1-3 Gohta - Oil and gas in carbonates of the Røye Fm - TD: 2542m 7128/4-1 Oil & gas in Røye Fm, gas in Falk Fm and down to - TD: 2530m 7120/1-1 Dry - TD: 5000m 7120/1-1 - Oil and gas showsin carbonates of the Røye Fm and below - TD: 4003m 7128/6-1 HC shows in Røye Fm and down to Falk Fm - TD: 2543m Source: NPD 13

Future Challenges and Opportunities 23rd Round Deadline for application submission: 2nd December 2015 GDF SUEZ E&P Norge has joined the Barents Sea South East group shoot as Early Participant and participated in survey acquisition designs Foothold in Hoop Area Underexplored province with various play fairways from Paleozoic to Tertiary

Emergency Response challenges Footer and date can be personalized as follow: Insert / Header and footer Select the date and type the appropriate title Click on Apply to all Area emergency response requirements need to be established Longer distances need compensating measures May be limited resources, communication solutions Helicopter transport is limited in wintertime due to lack of daylight Colder climates may reduce the human and technical barriers in emergency response Icing and ice loads on rescue and evacuation equipment Fast change in weather conditions – challenges for safe escape and evacuation Maintaining oil spill response expectations (monitoring and resources for oil spill recovery) will be more costly due to remoteness and long distances

Raphaël FILLON | GDF SUEZ E&P Norge AS raphael.fillon@gdfsuezep.no Thank you! Raphaël FILLON | GDF SUEZ E&P Norge AS raphael.fillon@gdfsuezep.no