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Gjøafield development projectKjetel Digre, Vice presidentStatoil ASA

Gjøa – Based on history…1903 1989 2004 2007

…building for the future

Production start-up Q4 2010

Next generation integrated operations

Powered from shore

Area solution

Developed through joint efforts

Licence partners

GDF SUEZ E&P Norway 30% Production operator

Petoro 30%

Statoil 20% Development operator

Shell 12%

RWE Dea 8%

Gjøa

Return on investment

Considerable value creation

Largest ongoing field development on the NCS

The fields’ reserves robust and predictable ROI

Expected production: 15+ years

88% of the profit goes to the Norwegian state

Gjøa and Vega

Environmental friendly solutions

• Power from shore – reduces CO2

emissions by 210.000 tonnes yearly

• Materials selected that minimises use of chemicals

• Facilitating reuse of drilling fluids

• Recovery system for excess heat

• Low-NOx burners to be installed – high pressure flaring will cease

The big puzzle …

Karlskrona

Oslo

London

Copenhagen

Stord

Subsea PowercableABB

Fabrication of Flexible RisersNKTPipeline Engineering and ServicesRambøll

Subsea Ball Valves 30”Subsea Ball Valves 14”-18”

Semi EPCH Aker Solutions

Living Quarters EPCLeirvik Module Technology

Stavanger

Marine DrillingTransocean Offshore

Template & Manifold InstallationAcergy

Installation of Flexible RisersAcergy

Drilling ServicesWeatherford, Welldyn, Halliburton

Aberdeen

Installation of Export PipelinesSaipem UK Ltd

EPC Umbilicial SystemsAker Subsea Installation of Infield PipelinesTechnipSemi Anchors & Tow OutAker Marine ContractorsSpools, Structures, Tie-Ins and RFOTechnip

Subsea Production SystemsFMC Kongsberg

Weight CoatingBredero

Insulation CoatingThermotite

… piece of cake?

19 million man hours executed so far

More than 20 vessels operating simultaneously

Topside dry weight 22 000 t

Topside size 110 x 85m

Hull dry weight 14 300t

LQ capacity 100 cabins

Production Capacity:

Gas: 17,3 mill Sm3/d

Oil 13800 Sm3/d

• 4 gas / 8 oil producers

• 4 templates and one satellite

• Tie-in of Vega and Vega South

• Power from Shore - Mongstad

• Rich gas export through FLAGS

to St. Fergus

• Stabilized oil export through

TOR2 to Mongstad

Largest ongoing project on NCS

• Total investment NOK 40 billion• Creating new opportunities in the region• Total man-years 35.000• 1 million manhours per month

Gjøa processing platform

• Flexible topside facilities and spare capacities• Semi as field centre and hub for future satellite tie-ins• Integrated operations to the next level• Vega/Vega south gasfield satellite tie-ins• Area prospectivity and exploration

Thank youwww.statoil.com