1. Classification: Statoil Internal Status: Draft Technology Strategy Co-operation Force meeting 28.08.2007

2. 2 - Time 1986 Gullfaks 1993 Sleipner 1994 Statfjord satellites 1997 Norne 2001 Glitne 1996 Troll 1999 Åsgard Platform-based Subsea and floating Significant step changes Snøhvit 2007 Subsea-to-beach New technology 2005 Kristin Example of technology development on the Norwegian continental shelf

3. 3 Our strategic agenda Maximise value creation from the NCS Build international growth platforms

4. 4 18 Technology as a key enabler Extra Heavy oil Mature areas Arctic regions Great depths Onshore (tight reservoirs) Extra Heavy oil Climate Exploration technology Reservoir management Subsea field development Gas chain technologies Environmental technologies

5. 5 Technology Strategy Exploration technologyReservoir managementSubsea field development Petroleum systems analysis Seabed logging Integrated seismic imaging & interpretation Clean. cost-effective exploration drilling Reservoir characterization & modelling Geophysical reservoir monitoring & imaging Reservoir recovery methods Subsea well construction & light well intervention Integrated operation of subsea fields Subsea processing Subsea wet gas compression Long-distance well stream transport Subsea all-electric control Gas chain technologyEnvironmental technology Gas pipeline networks Liquefied natural gas Gas-to-liquids conversion Carbon dioxide management Quantitative risk assessment

6. 6 GOOD EXPLORATION ACREAGE GOOD DRILLING TARGETS DISTINCT TECHNOLOGY COMMUNICATION LITTLE BUSINESS EFFECT BUSINESS DECISION SUFFICIENT DATA STATOIL RESOURCE NEED COMMON KNOWLEDGE R&D THEORETICAL KNOWLEDGE DRIVEN ASSET PRACTICAL EXPERIENCE DRIVEN REAL SUCCESS EXPLORATION SUCCESS IS REAL SUCCESS DISTINCT TECHNOLOGY COMMUNICATION LARGE BUSINESS EFFECT POTENTIAL SUCCESS R&D ACHIEVEMENT IS POTENTIAL SUCCESS Perception of Distinctiveness Require both R&D Achievement and Business Success (“with it”) EXAMPLE: EXPLORATION

7. 7 How to make this work: Strengthen technology implementation (piloting) Improve cooperation Accelerate technology development

8. 8 Cooperation: Share competence and facilities First and second user Identify relevant licences