1. Waking the sleeping giant 1 Johan A Johansen, VP Operations, Statoil Aberdeen

2. Statoil in Aberdeen 2007: Acquisition of Mariner and Bressay 2012: Mariner investment decision 2013: UKCS operations moved to Aberdeen 2016: Moving into new office in Kingswells Heavy recruitment for UKCS operations −May 2014: >100 employees −2016: 700 on- and offshore, contractors included 2

3. 1977: 2D seismic acquired across 9/12 (P254) 1980: P335 licence awarded to Union Oil (Mariner) 1981: Mariner discovered 9/11- 1 well 1982: 2D seismic acquired across 9/11 (P335) 1982: wells 2, 3 & 4 drilled 1991: P726 licence awarded to ConocoPhillips (Mariner East) 1994: Hess becomes operator of P335 1995-1996: 3D seismic acquired 1996: Texaco becomes operator of P335 & P726 1996-1997: wells 5 to 12 drilled, including EWT 2005: Chevron becomes operator of P335 2005: 3D seismic reprocessed 2008: Statoil becomes operator of P335 & P767 2008: HR 3D and core area OBS acquired 2012: Broadband 3D acquired 2017: FIRST OIL «A long and winding road»

4. Gross investment >USD 7 billion (~ £4.5 billion) 2 billion boe in place, > 250 million boe reserves Plateau production of around 55,000 boe/d Production for 30 years Platform on steel jacket, floating storage unit. Mariner: A major new UKCS development 4

5. More than 130 well targets Additional jack-up rig for the first 4-5 years Multi lateral wells POB 160 +120 +25 = 295

6. Project on track 2013: Start of jacket construction 2014: Start of topsides construction 2015: Jacket installation 2016: Hook-up and commissioning 2017: First oil

7. Thank you for the attention