Ministry of Petroleum and Energywww.mpe.dep.no Fakta 2005

Ministry of Petroleum and Energywww.mpe.dep.no Kapittel 1

Ministry of Petroleum and Energywww.mpe.dep.no Production level and start-up date for important fields Source: NPD/MPE

Ministry of Petroleum and Energywww.mpe.dep.no The largest oil producers and exporters in 2004 Oil production including NGL and condensateNet oil export including NGL and condensate Source: Petroleum Economics Ltd.

Ministry of Petroleum and Energywww.mpe.dep.no Macroeconomic indicators for the petroleum sector The petroleum sector’s share of GDP The petroleum sector’s share of total exports The petroleum sector’s share of total investment The petroleum sector’s share of state revenues Source: Statistics Norway, Ministry of Finance

Ministry of Petroleum and Energywww.mpe.dep.no The size of the Petroleum Fund at and as a share of GDP Source: Norwegian Public Accounts, Statistics Norway

Ministry of Petroleum and Energywww.mpe.dep.no Production forecast Source: NPD/MPE

Ministry of Petroleum and Energywww.mpe.dep.no Historic investments and forecasted future investments Source: NPD/MPE

Ministry of Petroleum and Energywww.mpe.dep.no Kapittel 2

Ministry of Petroleum and Energywww.mpe.dep.no Stortinget (Parliament) The Government Ministry of Petroleum and Energy The Norwegian Petroleum Directorate Ministry of the Environment The Norwegian Pollution Control Authority Minstry of Labour and Social Affairs The Petroleum Safety Authority Norway Ministry of Finance Government Petroleum Fund Petroleum Tax Offices Petoro AS Gassco AS Statoil ASA Ministry of Fisheries and Coastal Affairs Norwegian Coastal Administration Statleg organisering av petroleumsverksemda

Ministry of Petroleum and Energywww.mpe.dep.no Kapittel 3

Ministry of Petroleum and Energywww.mpe.dep.no Exploration wells started on the NCS Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Kapittel 4

Ministry of Petroleum and Energywww.mpe.dep.no Distribution of all production by field on the NCS Oil production in 1995 by fieldOil production in 2004 by field Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Distribution of resources – on-stream fields Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Production trends for the Ekofisk, Varg, Oseberg og Ula fields Ekofisk Varg Oseberg Ula PDO Actual production Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Lifetimes for selected fields Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Social accounts for Ekofisk Goods and services 444 billion Taxes and levies 626 billion Employees 50 billion Lenders 24 billion Owners 132 billion Total value creation from the Ekofisk sector to the end of 2004 (at 2004 values) was NOK billion Source: ConocoPhillips

Ministry of Petroleum and Energywww.mpe.dep.no kapittel 6

Ministry of Petroleum and Energywww.mpe.dep.no Historic and estimated Norwegian gas exports Source: NPD/MPE

Ministry of Petroleum and Energywww.mpe.dep.no Sales of NGL/condensate 2004* Total 21,1 mill scm oe Source: NPD * by country of first destination

Ministry of Petroleum and Energywww.mpe.dep.no Norwegian natural gas exports 2004 Total 77,7 bill scm oe Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no kapittel 7

Ministry of Petroleum and Energywww.mpe.dep.no The net government cash flow from petroleum activities Source: National Accounts and National Budget

Ministry of Petroleum and Energywww.mpe.dep.no National Budget 2005 NOK billion Direct taxes113,6 Royalty, CO2-tax, Area fee4,5 SDFI80,2 Statoil dividend5,2 Total203,4 Source: National Accounts and National Budget

Ministry of Petroleum and Energywww.mpe.dep.no Calculation of petroleum tax Operating income (norm price) ÷Operating expenses ÷Linear depriciation for investments (6 years) ÷Exploration expenses ÷CO 2 -tax and area fee ÷ Net financial costs (limitied by the thin capitalisation rule: 20% equity) =Corporation tax base (tax rate: 28%) ÷Uplift (7,5% for investment for 4 years) =Special tax base (tax rate: 50%) Source: MPE

Ministry of Petroleum and Energywww.mpe.dep.no kapittel 8

Ministry of Petroleum and Energywww.mpe.dep.no Emissions of taxable CO 2 per produced unit Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no Emissions of NO x per produced unit Source: MPE/NPD

Ministry of Petroleum and Energywww.mpe.dep.no nmVOC emissions per produced unit Source: MPE/NPD

Ministry of Petroleum and Energywww.mpe.dep.no Content of production, injection and pipeline chemicals in produced water Source: Environment Web

Ministry of Petroleum and Energywww.mpe.dep.no Emissions to the air Diffusive emissions Gas turbine exhaust Well testing Gas flaring Diesel fuel exhaust Gas venting

Ministry of Petroleum and Energywww.mpe.dep.no Discharges to the sea Seewage/house- hold effluents Drains Drilling discharges Displacement water Spill Cooling water Produced water

Ministry of Petroleum and Energywww.mpe.dep.no kapittel 9

Ministry of Petroleum and Energywww.mpe.dep.no Petroleumsressursar og uvissa i estimata per Source: NPD

Ministry of Petroleum and Energywww.mpe.dep.no appendix

Ministry of Petroleum and Energywww.mpe.dep.no The net government cash flow from petroleum activities Source: National Accounts and National Budget

Ministry of Petroleum and Energywww.mpe.dep.no Total petroleum production Source: NPD/MPE

Ministry of Petroleum and Energywww.mpe.dep.no Macro economic indicators for the petroleum sector Source: Statistics Norway, Ministry of Finance

Ministry of Petroleum and Energywww.mpe.dep.no NPD’s resource classification system 8 Prospects 7F New discoveries that have not been evaluated 6 Recovery not very likely 5F Recovery, likely but not clarified 5A 4F In the planning phase 4A 3F Licensees have decided to recover 3A 2F Approved develop- ment and operation plan 2A 1 In production 0 Sold and delivered petroleum 7A Possible future measures to improve the recovery factor Leads and unmapped resources Reserves Contingent resources Undiscovered resources Historical production