1. Prosjektbeslutninger i Statoil Oslo, 3. mai 2005

2. 2 Current Statoil areas of interest Focus Operator Partner

3. 3

4. 4 DG 2 Screening business opportunities Negotiations and bid preparation Appraisal & Development planning Exploration Project Execution Production & Maintenance Operations Abandonment DG A DG 0 DG 1 DG 3 DG B DG 4

5. 5 Maximizing value creation in Statoil Transport, processing, trading and marketing for maximum resource value Exploration & Production Sales, trading & transportation Marketing and distribution Refining and Processing

6. 6 Strategic fit Project execution Commercial Subsurface Facilities Economics An integrated multidiscipline process HSERisk

7. 7 Multidiscipline review Project presentation Independent Project review Arena review Evaluation of projects – focus on decisions Commercial / Other review Project recommendations to FO/KL