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Maersk Oil Profile [18/6 2013, MINSC, Hans-Henrik Kogsbøll] Page 2 Maersk Oil – a Top 30 Oil Company

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Maersk Oil Profile [18/6 2013, MINSC, Hans-Henrik Kogsbøll] Page 2 Maersk Oil – a Top 30 Oil Company Maersk Oil profile [18/6 2013, MINSC, Hans-Henrik Kogsbøll] Note: Data from Wood Mackenzie. National Oil Companies are not included. not included. are Companies National Oil Data Mackenzie. from Wood Note: 1000 2000 3000 4000 5000 Gross Production by Operator, 2011 byOperator, Gross Production (‘000 bpd) Maersk Oil– 30oilcompany A Top 0 ExxonMobil Major Super Shell BP Chevron PetroChina Majors Midsize Statoil Petrobras Total ConocoPhillips Eni Surgutneftegaz Companies Sinopec Anadarko BG ONGC Occidental Petroleum Devon Energy Apache Encana Corporation Chesapeake Energy Woodside Petroleum CNR Maersk Oil EOG Resources Reliance BHP Billiton Tatneft Marathon Suncor Energy Talisman Cairn Energy GDF Suez Pluspetrol NaftoGaz Pertamina Husky Energy Southwestern Energy • • • • • • • • Maersk Oilat a glance Wholly-owned subsidiary subsidiary Wholly-owned APMM of Copenhagen Headquartered in Entitlement: 333,000bpd Operated: 626,000 bpd (2011) Production level Active in11 countries 321 Licences , incl. 130 operated 3,450 employees OMV Cenovus Energy Nexen Wintershall NOVATEK Bashneft Petroecuador Shaanxi Yanchang Hess Corporation Williams PTTEP Noble Energy Pacific Rubiales Perenco Syrian Petroleum page 2 OGDC Murphy Oil page 3 Maersk Oil – A Top 30 oil company Gross Production by Operator, 2011 (‘000 bpd) Maersk Oil at a glance • 3,450 employees Super Majors Midsize • 321 Licences , incl. 130 operated Major Companies 5000 • Active in 11 countries • Production level (2011) 4000 • Operated: 626,000 bpd 3000 • Entitlement: 333,000 bpd • Headquartered in Copenhagen 2000 • Wholly-owned subsidiary of APMM 1000 0 Note: Data from Wood Mackenzie. National Oil Companies are not included. page 4 Maersk Oil – from local to global player The value chain Exploration Appraisal Development Primary production Mature field EOR Abandonment Business Development Expansion of geographical focus 2002 2012 Norway Greenland Denmark UK Denmark Kazakhstan Kazakhstan Qatar Kurdistan Algeria USA Algeria Qatar Angola Brazil page 5 A balanced portfolio North Sea Middle East / North Africa GoM/Atlantic Margin 2002 2012 2020 Production level (‘000 bpd) 311 265 400 Exploration Producing countries 3 6 10 Producing countries Major projects 1 14 page 6 Target production level of 400,000 bpd, achievable through identified projects Entitlement Production (‘000 bpd) 450 424 428 400 400 393 377 333 350 311 313 322 301 289 300 265 246 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020 Brazil UK Kazakhstan Algeria Qatar Denmark page 7 Three pillars of our growth strategy Asset Management Major Development Exploration Projects SAFETY – INCIDENT FREE TECHNOLOGY PEOPLE AND LEADERSHIP page 8 Levers for success World class oil & gas assets Technical People and Maersk Oil capabilities leadership Safety page 9 Subsurface and Drilling Professionals per Age Category % of Total 25 20 15 10 5 0 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 Industry Benchmark 2009 Age Group Maersk Oil Sep 2012 page 10 Oil-production Water- injection Deploying technology to unlock potential Maersk Oil is known for Oil • Turning marginal and challenging Water fields into commercial successes • Early adoption and deployment of technology • World-class project execution page 11 The North Sea Denmark First licence in 1962 Foundation of the Maersk Oil story 40 years of oil production Pioneered development of chalk reservoirs Large EOR potential United Kingdom Active since 2003 Significant growth in 2005 via Kerr McGee acquisition A growing part of the portfolio Mature assets HPHT capability centre Continued Exploration success Norway Country entry: 2004 Actively building portfolio through licence rounds and acquisitions PL 501 (Johan Sverdrup) awarded in 2008 Pre-discovery farm-in to Zidane page 12 Middle East / North Africa Qatar Country entry: 1992 Largest offshore oil field operator 1.2 billion barrels oil produced 1/3 of Qatar’s oil production Algeria Country entry: 1990 Operated by Anadarko Reliable production from major assets Attractive outlook as El Merk comes on stream Kazakhstan Kurdistan Country entry: 2000 Country entry: 2011 Leveraging our tight reservoir capabilities to Risk-managed entry unlock large resource base 30% share-holding in HKN Energy 200 well drilling programme initiated Sarsang PSC; Large, multi-prospect, oil prone World-class discovery The natural upstream oil and gas partner; navigating complexity, unlocking potential.
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