1. 1 -Classification: Internal (Restricted Distribution) 2011-09-09 Energy realities and climate challenges Hege Marie Norheim, Senior vice president

2. 2 -Classification: Internal (Restricted Distribution) 2011-09-09 Scale of the challenge 26 28 30 32 34 36 38 40 42 200720102015202020252030 Gt 450 Scenario Reference Scenario OECD+ OME OC 3.8 Gt 13.8 Gt Abatement of world energy-related CO 2 emissions in the 450 Scenario CCS - 10% Nuclear - 10% Renewables & biofuels - 23% Efficiency - 57% World abatement by technology, 2030

3. 3 -Classification: Internal (Restricted Distribution) 2011-09-09 Oil and gas in the future energy mix Share of world primary energy Source: World Energy Outlook 2010, IEA (2010)

4. 4 -Classification: Internal (Restricted Distribution) 2011-09-09 The climate debate

5. 5 -Classification: Internal (Restricted Distribution) 2011-09-09

6. 6 -Classification: Internal Status: Draft CO 2 -emissions per produced barrel, kg Source: OGP; OLF; Energinasjonen Norge North- America Africa Global average 19,0 NorwayEuropeMiddle East Russia Energy efficient oil and gas production Statoil 7,0 * Offshore CO2 tax in Norway approx. 50$/tonn since 1992 *

7. 7 -Classification: Internal (Restricted Distribution) 2011-09-09 Gas - a competitive low carbon fuel for the future An abundant energy source Cost competitive Most CO2 efficient of all fossil fuel HydroWind Nuclear NCS gas Coal 10 30 425 921 Gas to power in Europe* Life cycle CO 2 emissions per boe, Kg/MWh Statoil - the 2nd biggest gas supplier to Europe Norway Algeria Azerbaijan *Source: OLF: Energinasjonen Norge

8. 8 -Classification: Internal (Restricted Distribution) 2011-09-09 Making the green journey work Europe can meet its 2050 ambition of reducing its CO2-emissions by 80 per cent compared to 1990, in a faster and more cost-efficient way if natural gas plays a significant part in the energy mix. Abundant Sustainable Affordable http://www.statoil.com/en/NewsAndMedia/News/2011/Pages/24Feb_EGAF.aspx

9. 9 -Classification: Internal (Restricted Distribution) 2011-09-09 Gas – major reductions NOW Gas-fired vs. coal-fired power CO 2 emissions Source: Deutsche Bank −Gas-fired power emits 70% less CO2 than old coal-fired plants −Renewables market share will grow, but technology development will take time −Gas is the most optimal base-load fuel to balance intermittent renewables supply Emissions old coal plant Reduction new coal plant Reduction with new gas plant Emissions new gas plant

10. 10 -Classification: Internal (Restricted Distribution) 2011-09-09

11. 11 -Classification: Internal (Restricted Distribution) 2011-09-09 Statoil’s carbon capture & storage projects An industrial approach to climate change 1996-2004-2008-2011/12-2018? Sleipner In Salah Snøhvit LNG Test Centre Mongstad Mongstad Full-scale Building up our knowledge and experience Application to new challenges

12. 12 -Classification: Internal (Restricted Distribution) 2011-09-0912 - Renewable energy A focused approach utilizing our key competencies Statoil’s focus is to establish a position in markets where the company has natural advantages, particularly within offshore renewable energy

13. 13 -Classification: Internal (Restricted Distribution) 2011-09-09 Presentation title Presenters name Presenters title E-mail address, tel: +00 00 00 00 www.statoil.com Thank you