1

SkarfjellSpanande utbygging

A subsidiary of BASF – We create chemistry

Svein IldgrubenGovernment Relations Manager

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WintershallWorldwide activities

Largest German internationally active oil and gas producer, with headquarters in Kassel, Germany

Wintershall is a subsidiary of BASF, the world's leading chemical company with more than 100,000 employees

The North Sea is one of Wintershall’s core regions.

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Wintershall in NorwaySuccessful growth – We make things happen

Maria Brage VegaSkarfjell

Exploration Development Production Company

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

0

100

200

300

400

500

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2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Production

Employees

Wintershall Norge 10 years

Chart1

20062006

20072007

20082008

20092009

20102010

20112011

20122012

20132013

20142014

20152015

20162016

Employees

Production

3

0

7

0

16

0

45

3000

90

3000

139

3000

167

3000

406

40000

453

60000

460

72000

468

80000

Sheet1

EmployeesProduction

200630

200770

2008160

2009453000

2010903000

20111393000

20121673000

201340640000

201445360000

201546072000

201646880000

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Vega Subsea Field

A subsidiary of BASF – We create chemistry

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The Vega Field

First production in 2010

Consists of the fields Vega North, Vega Central and Vega South

Tie-back to the Gjøa platform, operated by ENGIE

Transfer of operatorship from Statoil in 2015

Gas and condensate field

Our first operated subsea productionBlocks 35/7 - 35/8 - 35/11

55,6%

28,3%

7,3%

4,4%4,4%

Petoro AS

BayerngasNorge AS

ENGIE E&P Norge AS

Idemitsu Petroleum Norge AS

VegaGAS

Wintershall Norge AS

Chart1

W

28.3

7.3

4.4

4.4

Sales

55.6

Sheet1

Sales

W55.6

28.3

7.3

4.4

4.4

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Maria Field Development

A subsidiary of BASF – We create chemistry

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Maria Field DevelopmentAwarded contracts

Subsea equipment (FMC)Kristin Mod EPCI (Statoil: Reinertsen)Heidrun Mod EPCI (Statoil: Aibel)Pipelines and subsea construction (Subsea 7)Heidrun/Kristin riser installation (Statoil: DeepOcean/Subsea 7)Rig contract (Odfjell Drilling)

Stavanger

Bergen

TrondheimKristiansund

Maria

Bodø

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Skarfjell FieldDevelopment

A subsidiary of BASF – We create chemistry

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Skarfjell Field Development

Wintershall Norge is the operator Partners are Capricorn Norge, BayerngasNorge, Edison Norge and DEA NorgeLocated in the north-eastern North Sea, south west of the Gjøa fieldDiscovered in 2012 Recoverable resources between 60-140 million boeChosen development concept: subsea tieback to GjøaDetailed planning and design studies are ongoingPDO planned for Q1 2018

Our second subsea development

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Skarfjell Field DevelopmentSelected concept – tie-back to Gjøa

8” Production

Two 4-slot drill centres

Dedicated water injection and

production templates

Distance between templates 1km

12” and 8” isolated production

pipelines

12” water injection pipeline

6” gas lift pipeline

Integrated service umbilical

Pipeline length 17-18 km

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Skarfjell Field Development

DG2 concept based on 4-slot template solution as recommended from the concept study based on:

Optimum flow assurance Reduced overall costStandardisation

DG2 concept based on 7“ Horizontal X-mas treesystem as recommended from the concept study based on:

StandardisationSystem flexibility Requirements from D&W

Subsea Production System Design

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Skarfjell Field Development

Important elements:

Reduction of CAPEX

Reduction of offshore man-hours

Schedule impact

Weight management

Gjøa modifications

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Skarfjell Field DevelopmentProject timeline

ASSESS (Stage 1)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

SELECT(Stage 2)

DEFINE(Stage 3)

EXECUTE(Stage 4)

Project Stage

BOK, DG1

Dev. Screening21/8

Appraisal

Concept Select Ph. I Ph. II

31/1

BOV, DG2

Execution Phase

Define Phase

Q1

First Oil, DG4

Q3

PDO, DG3

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Skarfjell Field Development

Rethink procurement strategies

Pipeline and Subsea Construction scope (PSC) – change strategy from independent engineering contractor to design competition between installation contractors

Subsea Production System (SPS) –change strategy to maximize standardization and efficiency in project execution

Implementation of «Lean Project Execution» - through FEED phase

«Fit for purpose» solutions

Technical requirements

Quality requirements

Documentation requirements

Project management

Collaboration

Unlock the full cost reduction potential

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Lysbildenummer 1WintershallWintershall in NorwayLysbildenummer 5The Vega FieldLysbildenummer 7Maria Field DevelopmentLysbildenummer 9Skarfjell Field DevelopmentSkarfjell Field DevelopmentSkarfjell Field DevelopmentSkarfjell Field DevelopmentSkarfjell Field DevelopmentSkarfjell Field DevelopmentLysbildenummer 16Lysbildenummer 17